/USD was moving closer to a three-month low on Friday, as the token dropped to an intraday low of $18,859.75.
This comes as both the S&P 500 and gold also dropped to recent lows in the past 24 hours, following U.S. Fed rate hike.Looking at this chart, today’s decline comes as prices slipped below a key price floor of $19,300, with the 14-day relative strength index also dropping below a resistance point. As of writing, the index is tracking at 41.38, which is marginally below a notable ceiling at the 42.00 mark.will likely be trading below $18,000.
Source: News Formal (newsformal.com)
Good
Just another reason to buy more btc on bitfinex for me
Wasn't it suppose to be better than fiat? Why is cash king?
If we go below 15k, I'm buynig the sht out of btc with all my spare usdt
I'm just glad I didn't spend my whole tether reserve once I mistakenly thought bulls were coming back
Friendly reminder: Ethereum is still and always a worthless shitcoin
Too much stress in the market, no wonder so much hesitation is going on
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Can some one explain me how gas reducing works?
The more the Fed tightens, the more long-term damage it will cause to future growth. The clearest expression is the slope of the yield curve, which again begins to flatten sharply Fed Blockchain CurrencyWatchlist
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This is normal, maybe looking forward to 2023 is the focusBitcoin, when do you climb the mountain, please call me in advance, I will not miss the opportunity to climb the mountain with you
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Too many unfavorable factors for the market
I'm looking to load in 2023 at $7k-12k. $btc currently $18900
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1. World energy crisis 2. Ukraine -Russia war 3. Inflation Unless the worlds economy gets back to positive figures don’t expect the cryptocurrecy market to be any better.
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It's just starting the downward slope to the cyclical low. It will bottom when the Fed hints at a pivot.
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