Bitcoin Dropped Below 60 Thousand Dollars: What Effected the Decline?

Although there are only hours left for the halving, which takes place every 4 years in Bitcoin, the price saw below 60 thousand dollars last night.

Bitcoin was on many cryptocurrency exchanges yesterday evening (GMT+3). 60 thousand dollars He saw gold. Even if Bitcoin recovers again in a short time $62,200 With the reaction it received from its levels, it fell back to around 61 thousand dollars. In parallel with this, Bitcoin 4% in 24 hours love has decreased.

Along with Bitcoin, altcoins in general retreated between 5% and 6%. According to CoinGlass data, the decrease $184 million It caused the long position to explode.

The decline in Bitcoin price US Federal Reserve (FED) It is estimated that this happened after the statements of President Jerome Powell. In a statement he made in Washington on Tuesday, Powell said that the Fed will soon 2% inflation target He said he couldn’t reach me.

Powell also called for current tight policy given the progress made on inflation. continuing for a while longer He said it would be appropriate.

According to CoinGecko data bitcoin, while writing From $60,996 is being traded.

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