was trading lower for an eighth consecutive day, with Monday’s decline sending prices to their lowest point since December 2020.
The world’s largest crypto token fell to an intraday low of $20,950.82 in today’s session, following yesterday’s low of $23,607.69. This latest decline comes as traders prepare for tomorrow’s FOMC meeting, where some expect the Federal Reserve to increase interest rates.As U.S. inflation continues to peak, many now see it as a necessity for the Fed to make more policy changes, in order to combat rising consumer prices.
From a technical standpoint, the 14-day RSI is now tracking at its lowest point in over five years, with a reading of 23.77. Many believe that we have yet to find a price floor following the recent declines in value, with some expecting prices to potentially land near $19,000.Ethereum fell below $1,100 on Tuesday, as the price decline in the world’s second-largest cryptocurrency worsened./USD fell to an intraday bottom of $1,094.70 earlier in the day.
Source: News Formal (newsformal.com)
Do you think we will drop to 15K? I keep usdt reserves for that
Bitcoin don finish me 😭😭😭 but no cap 🧢 I no give up
Luffy 🌍🔥🚀🌒let's go to the moon LUFFY LuffyV2 LUFFYTOKEN $LUFFY
Bitcoin hit $20,000 I said this a month ago
This inconsistency Sha $PAW
I won’t give up still $PAW
Bitcoin 🚀🚀 SOON
Do not follow speculations people. Do not put or buy the dip if you cannot afford. Do your own research. Stay away scammers and frauds who only care about their own asses!
This isn't helping $PAW
More falls Incoming $PAW
Help save bitcoin today for economic stability bag the deep and await the bulls trend $paw
Wow,I don’t expect nothing lesser $PAW
Dumping more $PAW
Consider buying the dip and wait on the bulls good idea yeah $paw
Buy now $PAW
Who's dominating now? $PAW
Moin. Biste jetzt erst wach geworden🤣
Why everybody is silent about this?