The cryptocurrency trend over the past 24 hours was sharply negative, as investors await the Federal Reserve’s interest rate projections on Wednesday. A rate cut is not on the cards, but comments about the timing and speed of the rate cuts expected later this year are eagerly awaited.
The price of Bitcoin dropped 4.9 percent to $65,113 over the past 24 hours, 12 percent below its all-time high reached last Thursday.
Bearish clouds, rain and even storms linger over the global crypto market in the next 24 hours and over a one-week horizon, with none of the crypto tokens covered by ATTMO being spared. Downside risks predominate in the short term but looks like some sun is about to shine on Bitcoin in 3 days, signaling a slight and potential recovery.
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The price of Bitcoin dropped 4.9 percent to $65,113 over the past 24 hours, 12 percent below its all-time high reached last Thursday.
Bearish clouds, rain and even storms linger over the global crypto market in the next 24 hours and over a one-week horizon, with none of the crypto tokens covered by ATTMO being spared. Downside risks predominate in the short term but looks like some sun is about to shine on Bitcoin in 3 days, signaling a slight and potential recovery.
Follow us for more crypto news and weather reports!
Find out more detailed forecasts at www.attmo.ai/