**Bitcoin Freefall: What Happened?**

- Bitcoin is making us nervous again! BTC price has plunged $3K in the last few hours, now around $63,000. 😱

- This decline occurred ahead of US Fed Chairman Jerome Powell's speech in Nashville. Is there a connection? Let's just wait!

- Previously, BTC had fallen from $66,000 to $64,200. Now it has even touched $63,250 before rising slightly to $63,500.

- Altcoins also fell. Shiba Inu (-6.3%) and Dogecoin (-5%) were the biggest victims.

- CoinGlass data shows the value of liquidated positions reached $190 million in a day. Around 70,000 over-leveraged traders were hit.

- This volatility was triggered by uncertainty about Powell's speech. Reportedly, he will talk about a new monetary policy after cutting interest rates by 0.5% last month.

What do you think? Let's discuss in the comments column!