#Bitcoin_World_Cryptocurrency_Mem-NFT

Bitcoin (BTC) price forecast with a 7% decline in a week – is it time to buy?

Bitcoin (BTC), the most prominent digital currency, recently fell below $42,000 earlier this week. This decline - which was reinforced by the release of the latest US Consumer Price Index (CPI) numbers - raises more questions about the performance of this currency in the short term.

Despite this decline, Bitcoin still maintains levels above $41,000, confirming its dominance of the market by up to 53%. However, the sensitivity of the cryptocurrency market to Federal Reserve decisions remains undoubtedly clear.

Meanwhile, market sentiment is witnessing a state of volatility awaiting the Federal Reserve's decisions on interest rates.

While the Federal Reserve's temporary reluctance to raise interest rates - indicating a slowdown in the pace of inflation - may spread a wave of optimism among investors, the possibility of increasing interest rates - which have already reached their highest levels in 22 years - heralds further decline in the currency sector. digital.

The Federal Reserve’s position and its repercussions on the markets and Bitcoin (BTC)

The Federal Reserve's decision to potentially hold interest rates at its meeting yesterday received a lot of attention, especially regarding the outlook for next year.

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