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Why Does BTC Price Keep Dropping?
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[QUOTE="Suba, post: 267884, member: 3658"] As of today the Bitcoin price has fallen by more than 70% from ATH Nov 2021, currently Bitcoin price is $$20.120. even though it had reached $24,442 on Aug 13, 2022 but dropped back to this date. At the FOMC meeting, the Fed intends to raise interest rates by around 51-70 basis points which will impact DXY to continue to rise. You need to know BTC and Altcoins will be inversely proportional to USD interest rates, so low USD interest rates are a condition for Bitcoin et al to continue the long bull run and vice versa. Analysts out there predict that DXY will continue to strengthen until the end of 2023. Because on the other hand it will benefit the US government to reduce import costs and reduce the inflation rate to 2% according to the US central bank's plan. Although there are many factors that can affect the price of cryptocurrencies, such as government regulations in many countries that apply high taxes, reducing the adoption of (buy) crypto. As a Bitcoin and Altcoin holder, I personally feel pity, seeing this situation which may last a long time (until 2025). so maybe this thread is just a vent from my heart, how about you? [/QUOTE]
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Why Does BTC Price Keep Dropping?
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