Today news
About the same in other media
Data suggests traders view $46,000 as Bitcoin’s final line in the sand
Reading now: 562
Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments.
When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee (FOMC) meeting which starts on Dec. 15.
Investors are afraid that the Federal Reserve will eventually start tapering, which simply put, is a reduction of the Federal Reserve’s bond repurchasing program. The logic is that a revision of the current monetary policy would negatively impact riskier assets. While there’s no way to ascertain such a hypothesis, Bitcoin had a 67% year-to-date gain until Dec. 12. Therefore, it makes
Read more on cointelegraph.comAbout this in other media
Christmas travel chaos as airlines cancel more than 3,000 flights theguardian.com /2 years ago
In-Depth | Reining in the Crypto-verse - A deep dive into how cryptocurrencies are being regulated across the world moneycontrol.com /2 years ago
Omicron cases 70% less likely to be hospitalised, UK health agency report suggests euronews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
