The Fed's interest-rate decision and press conference later today bring #crypto market in #BearishPhase
#Bitcoin Below the $57K, Crypto Market Drops 9% due to Fed Decision
BTC is down more than 8% in the last 24 hours having dropped below the $60,000 was support level late on Tuesday.
👉🏽Next support level is $55,000.
👉🏽 Bitcoin in bearish mood with ether and other altcoins also declining.
Financial markets have been dogged by risk-off sentiment in the run-up to the Fed's interest-rate decision and press conference later today.
BTC has fallen more than 8% in the past 24 hours having dropped below the $60,000 support level late on Tuesday,
Bitcoin (BTC) sank below $57,000 during the European morning on Wednesday to the lowest level since the end of February as the world's largest cryptocurrency recorded its worst month since November 2022.
Ether (ETH) slipped some 8% while dogecoin (DOGE) led declines among other major altcoins with an 11% slide. Solana (SOL) and avalanche (AVAX) both lost about 8%.
