A good read on today's news, again we may see a bearish crypto market, I've also been doing some readings on $BTC $ETH & $SOL
where all broke 3 support levels.
again have a good read here, do your own research, AND DO NOT FORGET TO FOLLOW NEWS!
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BTC Price: Bear Market and its Recovery
The recent drop in Bitcoin price ( #BTC ) is due to several interrelated factors that have affected both traditional and cryptocurrency financial markets. 1. Monetary Policy and Interest Rates: * The main cause of Bitcoin's recent decline is the increase in interest rates by the US Federal Reserve (#FED). * The FED has increased rates to combat high inflation, which has generated risk aversion among investors and led to the sale of riskier assets, including Bitcoin and other cryptocurrenciesâ (CoinDesk)ââ (Clarin.com) â.
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