The remarks of the Fed governor shocked the market, and the price of Bitcoin plummeted by 3,000 points, and the market volatility was highlighted again.
Recently, the remarks of the Fed governor in a public interview were like a bombshell, which instantly caused a violent shock in the global financial market. The governor made it clear that the expectation of a rate cut in 2024 was not a fact that was set in stone. This unexpected statement immediately attracted widespread attention and discussion in the market.
Immediately afterwards, the Bitcoin (BTC) market responded quickly and strongly to this. The price of BTC, which was originally hovering around 63,400 points, plummeted in a short period of time and directly fell to 60,255 points, evaporating an astonishing 3,000 points in a short period of time.
In the past, the Bitcoin market often used traditional narratives such as halving and upgrading to influence price trends. However, with the passage of time, market sentiment and the weathervane of the global financial market-the monetary policy of the Federal Reserve, have gradually become important factors affecting the price of BTC. The remarks of the Fed governor this time undoubtedly proved this again.
At present, the Bitcoin market is in a subtle V-shaped reversal market, with the forces of both long and short sides intertwined, and the market may usher in a change at any time. In this context, we should observe market dynamics more carefully and control risks reasonably to avoid losses in market fluctuations.
In the days to come, I will continue to pay close attention to market dynamics and provide you with timely and accurate information and analysis.
