Federal reserve news made bitcoin price dropped quickly
So just few hours ago ,
The U.S. Federal Reserve (Fed) Chairman who is named Jerome Powell was giving a speech concerning their plans to continue to raise the interest rates in order to keep tackling inflation.
This led to a trigger on the market which made the U.S. stock indices to start falling sharply...
It made the S&P 500 Index to experience a bearish movement and it was actually down by 1.69% and it also made the NASDAQ to be down by 2.12%. The Dow Jones index was not left out too as it was down by 1.32%...
It also had effects on the crypto market as the Bitcoin price fell to around a price of $20800 for the first time since around 20th of August.. .
Bitcoin is presently trading at around $20,800, and the bitcoin price has fallen by over 3.4% within the last 24 hours of the clock.. Well I believe the market Will soon stay calm and get back to normal..
Posted Using LeoFinance Beta
We might probably see a more drop in price of hive ...!hiqvote
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