https://t.me/news_cryptocurrency_market
The decline of Bitcoin from the record high reached earlier this week exceeded 10% at one point, as diminished expectations for a loosening of monetary policy in the U.S. weakened speculative enthusiasm. This is reported by Bloomberg.
The price of the flagship cryptocurrency fell to $95,702 on Thursday, two days after updating the absolute record just above $108,000. The pullback has put significant pressure on other tokens, including Ether and Dogecoin.
Such corrections are "quite typical" for bullish cryptocurrency markets, said Strahinja Savic, head of data and analytics at FRNT Financial.
The hawkish turn by the Fed on Wednesday negatively impacted most risky assets. Bitcoin is still up 50% since Trump's victory in the U.S. presidential election on November 5.
