Bitcoin was nearly $ 112K after the Fed signal was low.

Bitcoin was sitting in a rough week $ 112,600 After almost 3% drop after Monday. The entire encryption market feels quite shaken now, and there are some big reasons for traders.

prey chair Jerome Powell I threw it by default Cold water In Tuesday, everyone’s fare cut party. He said that the central bank should balance the inflation problem and job market weakness, making it clear that it would not meet the interest rate due to the lower rate. The lower rates usually help to hear that they want to hear because they usually help Bitcoin and other risky assets.

POWELL’s opinions helped to increase the dollar, which is bad news for Bitcoin because it usually moves in the opposite direction. When the dollar becomes stronger, people tend to move money from encryption to traditional assets. The market is now waiting for more economic data this week.

But it’s not just the Federation that people are annoyed. NATO is increasing the designated scientific tension again as NATO warns Russia about military reactions and continuous conflicts in the Middle East. When the world becomes messy, investors are usually operated as a safer asset, and Bitcoin is not safe in most people’s minds.

The institutional money flowing to Bitcoin ETFS began to exit. On Tuesday, he recorded more than $ 100 million in Bitcoin Spot ETF.

conclusion

Bitcoin’s slides reflect the storms of attractive fed signals, stronger dollars, designated federal signals, a stronger dollar, a designated flare up, and ETF leaks that strengthen traders to strengthen traders to strengthen traders for more volatility because economic data can be further reduced the market.

Also read: Bitcoin price of Pivotic Point