📉 Bitcoin (BTC) faces a challenge: what is happening? 📉
Bitcoin (BTC) is experiencing a period of instability, losing important price support levels. This downward movement coincides with the signaling from the U.S. Central Bank (Fed) that it may keep interest rates high for a longer period to combat inflation.
This interference from the Fed has a direct effect on cryptocurrency markets, as higher interest rates make money more expensive and less likely to be invested in risky assets like Bitcoin. Many investors are migrating to investments considered safer, such as government bonds, which creates selling pressure on BTC.
Keep an eye on the Fed's upcoming decisions and the reaction of the crypto market!
