empty
 
 
20.08.2021 07:28 AM
BTC falls by more than $1,000 due to Fed's statements

According to CoinMarketCap, bitcoin was steadily declining on Thursday. The price slid to the level of $44,356.

This image is no longer relevant

So, within a few hours of the session, BTC sank by 2.19% (by more than $1,000) and continued to extend losses. At the same time, the trading volumes of the cryptocurrency remain lowered, emphasizing the vulnerability of the virtual market to all kinds of negative data. The capitalization of bitcoin today totals $832 billion.

This image is no longer relevant

Bitcoin experienced a sharp decrease mainly due to the publication of the Fed's minutes. They emphasized that many Fed officials were concerned about the risks that crypto trying may pose.

A few days earlier, President of the Federal Reserve Bank of Minneapolis Neil Kashkari criticized digital money at the Pacific Northwest Economic Regional Annual Summit in Big Sky, Montana. "I was more optimistic about crypto or bitcoin about five or six years ago. So far, what I've seen is 99% ... Let me be charitable, 95% fraud, hype, noise and confusion," he said. "There are thousands of these garbage coins that have been created. Some of them are complete fraud, Ponzi schemes, where they pump it up, they dupe people to invest money and then the founders rip them off," he added. Last but not least, BTC can hardly be used as a means of hedging inflation.

Analysts of the crypto market say that, as the value of bitcoin falls, concern among investors increases. Previously, bitcoin failed to break through the $48,000 level. Thus, now, it is declining. Experts believe that if BTC approaches the $40,000 mark, traders will start harshly to lock in profits.

Irina Maksimova,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback