 ▲ Bitcoin (BTC) |
Cryptocurrency leader Bitcoin fell to the $66,000 range at one point on the 11th (local time), the first day of the U.S. Federal Open Market Committee (FOMC).
According to Coinbase, a U.S. virtual currency exchange, at 7:15 p.m. Eastern time (4:15 p.m. West) on this day, the price of one Bitcoin was $67,482 (KRW 93.12 million), down 2.69% from 24 hours ago. was traded at.
Although some of the losses were recovered, Bitcoin fell to $66,018 at one point on this day, threatening to reach the $66,000 level.
At the same time, Ethereum, the second largest market cap, fell 4.63% to $3,502.
Bitcoin, which was above $71,000 at the beginning of last week, fell to the $69,000 range on the 7th due to the influence of indicators that the U.S. job market was still overheating, and on this day, sales poured in again ahead of the FOMC results.
CNBC reported, “Like the stock market, cryptocurrency investors are concerned that the Federal Reserve may not cut interest rates this year.”
The Federal Reserve will begin its meeting today and decide whether to lower interest rates on the 12th.
“The market appears to be losing confidence that the Federal Reserve will cut interest rates soon,” said Bartosz Lipinski, CEO of cryptocurrency trading platform Cube.Exchange. “There are greater fears about the long-term impact of higher interest rates.” “This is starting to take hold,” he analyzed.
“Investors’ investment strategies show that there are expectations of a long-term rally,” he said. “But for now, volatility may continue until a clearer picture emerges about the Fed’s plans for the rest of the year.” did.
Bitcoin (buy positions), which investors had borrowed from exchanges and held, were also forced to be sold in large quantities on this day, encouraging the decline of Bitcoin.
According to Coinglass, a virtual asset trading data platform, long-term Bitcoin liquidation worth $56 million (77.2 billion won) occurred in the last 24 hours.
Previously, a long-term liquidation of $56 million occurred on the 7th.
