Famous Company Warned! Do This If Bitcoin Drops Below $22,800!

Leading cryptocurrency bitcoin And altcoinThere was a sharp decline in prices today.

BTCMany altcoins lost 5% or more as they fell as low as $22,000.

Cryptocurrency platform evaluating this drop in Bitcoin MatrixportHe said that cryptocurrencies, which have been on the rise since the end of December, should now be more cautious after signals from the US economy.

Bitcoin and cryptocurrencyMatrixport analysts, who believe that the market is not in a downtrend completely, advised investors to reduce their risk by 50% if BTC falls below $22,800.

Analysts, evaluating the restrictive monetary policy of the FED, which has a negative impact on Bitcoin and the cryptocurrency market, said that the rising US dollar is another negative sign and FEDHe stated that it contributed to the restrictive monetary policy of .

Nasdaq with Bitcoin Analysts, also referring to the correlation between the two, said that the 60-day correlation between the two was at its lowest level since December 2021, when the FED first signaled that interest rate hikes would occur.

“Decreasing this correlation is supportive for maintaining long-term crypto exposure as investors remain committed to future technological growth prospects.

However, the negative side of the macro data is more negative for technology stocks traded in the USA.

Because it seems that the US stock markets are starting to sell again.”

bitcoin Despite this negative picture and declines in the crypto market, Matrixport analysts stated that they believe US inflation will fall sharply this year.

In this context, analysts state that the FED will stop raising interest rates, and they think that this will start a relief rally in the crypto market.

as low as $22,000 bitcoin At the time of writing, it continues to trade at $ 22,340.

*Not investment advice.