Bitcoin (BTC) Momentum Loss: The Week Started Badly.

The decline in Bitcoin (BTC) ahead of Fed Chair Jerome Powell's speech caused concern.

Bitcoin ($BTC ) fell 2.07 percent to $64,392, while Ethereum (ETH) fell 1.69 percent to $2,624. Both lost momentum after last week's bull run. Crypto investors are focused on Fed Chair Jerome Powell's speech on September 30 and the nonfarm payrolls data to be released on Friday. Considering these two factors, an eventful week could be in store.

With the upcoming speech by US Federal Reserve Chair Jerome Powell, sell-side transactions in BTC increased. According to CoinMarketCap, the Bitcoin price fell 2.09 percent in the last 24 hours to around $64,403. The leading cryptocurrency had a good rise after the arrival of lower-than-expected personal consumption expenditures (PCE) data, testing $66,500. However, this upward movement could not be permanent.

Rachael Lucas, a crypto analyst at $BTC Markets. He stated that the purchase in Bitcoin was strong. The analyst, who stated that the bulls were ahead when looking at the daily chart, drew attention to the loss of momentum. Lucas, who stated that Ethereum fell when it could not stay above the 50-day moving average, has a generally positive view. According to CoinMarketCap, $ETH is changing hands at $2626, down 1.69 percent in the last 24 hours.

#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #MogulProdustions