Bitcoin and Altcoins’ Simultaneous Fall: Why the Decline after Fed Decision?

Bitcoin (BTC) and altcoins have seen simultaneous sell-offs, with Bitcoin dropping as low as $25,402. This decline post-Fed decision indicates that investors are not attracted by the pause on interest rate hikes. Why is Bitcoin Falling? The Fed’s pause on interest rate increases wasn’t sufficient for investors. Fed Chair Jerome Powell hinted clearly at a potential increase in July, depending on upcoming data. While investors were expecting rate cuts in March, they now price in two additional increases. Significant investor appetite has waned due to SEC pressure. Closures below $25,500 for Bitcoin could trigger more considerable losses. Moreover, altcoins had not sufficiently recovered from their recent fall. Why are Cryptocurrencies Falling? Losses in Bitcoin inevitably lead to rapid sell-offs in altcoins. Several altcoins have dwindled rapidly within the 15-minute candle of Bitcoin sell-offs. Sellers are on edge due to the potential loss of BTC’s $25,000 support. There are numerous reasons […] The post Bitcoin and Altcoins’ Simultaneous Fall: Why the Decline after Fed Decision? appeared first on COINTURK NEWS.