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The price of Bitcoin fell by approximately 8% within 10 minutes, arousing the curiosity of cryptocurrency investors to understand the reasons for this decline. There are several theories about this:
1. **Sale of SpaceX Shares**: Billionaire Elon Musk’s SpaceX has been reported to have offloaded some or all of its Bitcoin holdings, impacting the price¹.
2. **Fears about interest rate hikes**: Expectations of interest rate hikes by the US Federal Reserve have affected the market¹.
4. **Increase in government bond yields**: The rise in bond yields has affected liquidity in the market¹.
Although there is no consensus on the main reason for the decline, these factors appear to have influenced Bitcoin's performance in the markets¹²³. 📉 . #BTC C.😉. C #BNB🔥 ✅ #Ethereum(ETH) ium TH✅
The reason for the decline in the price of Bitcoin
#BinanceMenaSquare The reason for the decline in Bitcoin prices Artificial intelligence view The price of Bitcoin fell by approximately 8% within 10 minutes, arousing the curiosity of cryptocurrency investors to understand the reasons for this decline. There are several theories about this: 1. **Sale of SpaceX Shares**: Billionaire Elon Musk’s SpaceX has been reported to have offloaded some or all of its Bitcoin holdings, impacting the price¹.
The US Federal Reserve faces major challenges in leading the economy, as opinions differ about its performance. The Bank understands the difficulties it faces in maintaining price stability and optimal staffing, and is making efforts to achieve these two primary objectives. Although the US economy is showing positive signs such as job growth and improved economic activity, inflation remains high and an ongoing challenge. The US Federal Reserve believes that high rates may have peaked and it is appropriate to cut them at some point in the year, but the final decision will depend on upcoming economic data. Tightening US monetary policy is putting significant economic pressure on the economy, and the bank wants to see more data to be more confident in its future interest rate decisions.
If you like it, you can help me by giving a gift ❤️
#BinanceMenaSquare The US Federal Reserve faces major challenges in leading the economy, as opinions differ about its performance. The Bank understands the difficulties it faces in maintaining price stability and optimal staffing, and is making efforts to achieve these two primary objectives. Although the US economy is showing positive signs such as job growth and improved economic activity, inflation remains high and an ongoing challenge. The US Federal Reserve believes that high rates may have peaked and it is appropriate to cut them at some point in the year, but the final decision will depend on upcoming economic data. The tightening of US monetary policy puts great economic pressure, and the bank wants to see more data to be more confident in its future decisions regarding interest. If you like it, you can help me by making a gift ❤️ and I will be very happy and thankful to you 🥹