bitcoin It has been very active in the last 24 hours, keeping the price range between $26,500 and $28,600. In addition to the Federal Reserve’s increase of 25 basis points, Powell’s statements triggered a decline in risky assets.
If Glassnode data is bitcoin priceHe associates the reason for the decrease in liquidity with liquidations. Despite the purchase of spot BTC from exchanges, the largest amount was recorded as 360 million dollars in USD this year.
The recent drop in Bitcoin’s price, cryptocurrency one of the most striking examples that highlights the volatility and unpredictability of the market. While many investors see this as an opportunity to buy BTC at a lower price, others may stay away from the spikes.
It is worth noting that the price of Bitcoin has experienced a significant rise in its price over the past year, and many analysts attribute this to various factors, including institutional adoption, increased mainstream awareness, and the overall performance of the cryptocurrency market.
Despite all this volatility, Bitcoin remains popular with investors looking to diversify their portfolios.
You can follow the current price action here.