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.
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