$BTC

Bitcoin has recently seen a decline after comments from US Federal Reserve Chairman Jerome Powell that the Fed is in no rush to cut interest rates, which has worried investors who were expecting a rate cut soon. These comments have caused a dent in market confidence, sending Bitcoin’s price down by about 3% for a short period.

Experts also point out that the market has seen high levels of leverage, which contributes to significant volatility. Despite this temporary decline, some expect Bitcoin to correct before continuing its upward trend again, especially with expectations that Bitcoin could reach $100,000 in the near future.