Bitcoin fell by 8%, the price came down from $ 22 thousand – Freehuts

Bitcoin fell by 8%, the price came down from $ 22 thousand, which is the biggest crypto currency moving now?

 

According to market experts, traders are currently digesting the minutes of the US FOMC meeting. According to the minutes of the meeting, there is little hope that bankers will slow down the pace of increase in interest rates. Policymakers discussed the need to increase the interest rate to bring down the inflation rate.

 

Bitcoin

New Delhi : There was a sudden drop in the crypto market on Friday. Bitcoin fell sharply to a three-week low. The largest digital token fell more than eight percent below the psychological level of $22,000. It was not immediately known what caused the sudden drop in Bitcoin. However, according to analysts, the Bulls are losing their strength on a technical basis.

 

The fall is related to the minutes of the Fed Reserve meeting!

According to market experts, traders are currently digesting the minutes of the US FOMC meeting. According to the minutes of the meeting, there is little hope that bankers will slow down the pace of increase in interest rates. Policymakers discussed the need to increase the interest rate to bring down the inflation rate.

 

Coin DCX Research Desk has said that the week started with a jump in the price of bitcoin when the price of the biggest digital currency crossed the level of $25,200 but could not sustain the momentum.

 

According to data from CoinMarketCap, the total market cap of bitcoin fell to $415.62 billion due to a sharp drop in prices.

 

Vikram Subburaj, CEO of Giottus Crypto Platform, said after studying the technical charts, “Bitcoin saw a lot of correction after a lot of resistance at the level of 25,000 and it fell below the trendline support.”

 

 

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