It was noteworthy that Bitcoin (BTC) experienced a sharp decline in parallel with the statements of FED Cleveland branch President Loretta J. Mester.
A short-term sharp decline was observed in Bitcoin in the morning hours of TSI today. of bitcoin 27,800 quickly from dollar levels losing nearly 3% 27 thousand dollars behind the fall US Federal Reserve(FED) Cleveland branch chairman Loretta MasterIt is thought to have made statements.
Loretta Mester, in an interview with the Financial Times (FT), to stop interest rate hikes by the Fed. see no valid reason said and used the following expressions:
I don’t see any valid reason to stop the rate hikes. In fact, I see that there are more valid reasons to raise interest rates. Then it is necessary to wait for a while until the uncertainty about the economy disappears.
The Chairman of the Fed Cleveland also debt limit agreement He also spoke about Mester stated that this agreement will also remove the uncertainty in the US economy to a large extent.
interest rates since March last year. 5% increase Until last week, the interest rate at the meeting on June 14th. not to increase was expected. But about 1 week 25 basis points Interest rate hike expectations are getting stronger. Finally, Mester’s statements, in expectations caused the rise.
Currently, according to Chicago Mercantile Exchange (CME) data, on June 14 25 basis point rate hike possibility of 66.4% in the ratio.
on the other hand on rate hikes in the US. there are differences of opinion. Some officials become clearer raising interest rates in June, arguing that taking a break Although some argue that tightening policy. He believes it should continue.
Bitcoin, which experienced a sudden decline after these statements by Mester, has been in the last 24-hour period according to CoinGecko data. 2.7% depreciating from $27,088 is being traded.