Bitcoin Plunged Then Recovered During Fed Chair Powell’s Speech! Here’s Why

Following FED Chairman Jerome Powell's press statement following the 25 basis point interest rate cut, there was a significant drop in the Bitcoin price at ￰0￱ decline stemmed from Jerome Powell's statement in December that a rate cut wasn't a certainty. Previously, all financial markets were expecting another 25 basis point cut in ￰1￱ added that they were unable to access data and see what was ahead due to the government ￰2￱ can see all the details of Powell's speech in our news report below: Related News: FED Chair Jerome Powell Speaks Following Interest Rate Decision - LIVE Chart showing BTC price ￰3￱ the decline and recovery, there was a liquidation of $304 million in the cryptocurrency market in the last hour, $264 million of which were in long positions. *This is not investment ￰4￱ Reading: Bitcoin Plunged Then Recovered During Fed Chair Powell’s Speech!

Here’s Why