PANews, January 29th news, according to Forbes, despite BlackRock CEO Larry Fink’s previous disclosure of discussions with sovereign wealth funds to purchase Bitcoin, the price of Bitcoin fell to a new low yesterday. However, analysts believe that Bitcoin and Crypto Assets are ready to face the significant price impact of the Federal Reserve. Alex Kuptsikevich, Chief Market Analyst at FxPro, said in an email: “The current slump in Bitcoin’s price can be attributed to risk aversion ahead of the Federal Reserve meeting.” And after U.S. President Donald Trump called for a substantial interest rate cut, Bitcoin and Cryptocurrency traders are prepared for the latest decision on Interest Rate by the Federal Reserve.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Viewpoint: BTC and Crypto Assets are ready to face the price impact of the Federal Reserve
PANews, January 29th news, according to Forbes, despite BlackRock CEO Larry Fink’s previous disclosure of discussions with sovereign wealth funds to purchase Bitcoin, the price of Bitcoin fell to a new low yesterday. However, analysts believe that Bitcoin and Crypto Assets are ready to face the significant price impact of the Federal Reserve. Alex Kuptsikevich, Chief Market Analyst at FxPro, said in an email: “The current slump in Bitcoin’s price can be attributed to risk aversion ahead of the Federal Reserve meeting.” And after U.S. President Donald Trump called for a substantial interest rate cut, Bitcoin and Cryptocurrency traders are prepared for the latest decision on Interest Rate by the Federal Reserve.