#Bitcoin update greed 74 #buythedip
recovers noticeably. The cryptocurrency recently tested lows of $65,000 and its current support comes from on-chain data, where as many whales as smaller investors have accumulated assets despite the period of stability without major price movements.
Decisions and statements by officials at the Federal Reserve (Fed), the US central bank, play a crucial role in capital flows and influence many of the short-term movements in the cryptocurrency market.
Maintaining interest rates at their current level has exceeded liquidity in the financial system, making credit more expensive and less accessible. And with that, there was a drop in demand for risky assets, such as shares and Bitcoin.
This week, sales data in the US retail sector and other statements from members of local monetary authorities will also be monitored, with a holiday next Wednesday, June 19th, and a triple witching on Friday, June 21st. June. June.
This event occurs when three types of financial contracts expire simultaneously, which can lead to increased volatility in the markets and impact cryptocurrencies.
follow and like for more posts 😎
support this channel by trading on the following pairs 👇
