In the hours following the Federal Reserve decision to pause interest rates, the price of Bitcoin plunged 4% to fall under $25,000, while Ether fell 5% in the same time frame.
The price of Bitcoin has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry.
from TradingView. At the time of publication Bitcoin has regained ground and is holding just above $25,000.Over the past week Bitcoin had been holding around the $26,000 region as the market came to grips with the According to eToro Market Analyst Josh Gilbert, Federal Reserve chair Jerome Powell has made it quite clear that this is only a temporary pause, something that could spell further trouble for Bitcoin in the long-term.
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