Crypto Money MarketFell harshly with the increase in concerns about the US economy. Bitcoin $81,701.23has decreased to 76 thousand dollars by decreasing to levels that have not been seen for four months. In the last 24 hours, close to 1 billion dollars of the futures market was deleted, investors reacted to the decline with panic operations. In the five -day loss series BitcoinIt was balanced around 80 thousand dollars. According to the analyzes, the probability of recession in the United States increased to 40 percent and the FED’s interest rate reduction expectations affect market dynamics.
Causes of the decline in Bitcoin
In recent weeks, Bitcoin’s depreciation behind the uncertainties in the US economy stand out. Experts, President Donald TrumpHe argues that policies such as customs duties forced the Fed to reduce interest rates. Market analyst Anthony PompliianoTrump’s moves created instability in the stock markets and the FED President Jerome PowellHe claimed that he was under pressure.
The 10 -year Treasury bond return fell from 4.8 percent to 4.21 percent in January and gave signals of change in monetary policy. This situation both stocks and crypto currencyIt is interpreted as a development that can directly affect the s. In addition, the increase in the escape from high -brought assets caused Bitcoin’s weakness in technical indicators and triggered the sales wave.
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Bitcoin Price Analysis and Comment
Although Bitcoin declined to $ 76 thousand 900, 50 weeks Exponential moving average (EMA) is considered as a positive signal. However, if the sales pressure persists, the critical support level of 73 thousand 750 dollars from March 2024 can be tested. Experts warn that if this level is broken, it may be faced with a harder decrease.
On the other hand Bitcoin priceFinding a permanence over 80 thousand dollars may bring the possibility of recovery again. In this scenario, Bitcoin is estimated to be able to turn to the target of $ 85,000. The explanations of liquidity movements in the market and FED officials in the coming weeks are shown as factors that will determine the short -term course of the crypto money market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
