🚨 BITCOIN PRICE PLUNGES AGAIN: HERE’S WHY AND THE LATEST DATA 🚨
Bitcoin has experienced another steep decline, with fresh macroeconomic worries and hawkish U.S. Federal Reserve messaging fueling a broad crypto market sell-off.
🔹 The price of Bitcoin dropped 2.81% in the last 24 hours, falling to $100,794, with a total weekly loss of 6.25%.
🔹 A primary driver behind the decline was Fed Chair Jerome Powell’s recent comments—he signaled that a December interest rate cut is “not guaranteed” and said incoming economic data must be closely watched.
🔹 The market interpreted Powell’s remarks as a hawkish shift, reducing expectations for near-term monetary easing and weighing heavily on risk assets such as cryptocurrencies.
🔹 U.S. Congressional gridlock over the federal budget has prolonged the government shutdown, further eroding investor confidence and appetite for risk.
🔹 Macro uncertainty and policy turbulence—especially the ongoing tariff jurisdiction crisis between the White House and the Supreme Court—are raising concerns across global markets.
🔹 In the wake of these headwinds, over $575 million in crypto positions were liquidated in the last 24 hours, including $407 million from long positions.
The latest market rout highlights how sensitive Bitcoin and crypto assets remain to shifts in U.S. interest rate expectations and broader policy uncertainty.
https://en.bitcoinsistemi.com/bitcoin-price-plunges-again-heres-why-and-the-latest-data/