Last week, the Bitcoin price reversed after reaching the all-time high of $73.794, plunging below 70,000 and currently struggling to recover from $62.-63,000. Today, the US Central Bank (Federal Reserve) also holds an interest rate meeting, and the market is anxiously awaiting whether the meeting will confirm or give the crypto market new direction. We have spoken to Senior Analyst Vetle Lunde at K33 to understand what happened last week and what could be the way forward.
Last week, the Bitcoin price reversed after reaching the all-time high of $73.794, plunging below 70,000 and currently struggling to recover from $62.-63,000. Today, the US Central Bank (Federal Reserve) also holds an interest rate meeting, and the market is anxiously awaiting whether the meeting will confirm or give the crypto market new direction. We have spoken to Senior Analyst Vetle Lunde at K33 to understand what happened last week and what could be the way forward.
Questions we cover in the conversation include market interest rate expectations, why the Bitcoin price turned down, the high borrowing in the crypto market, to what extent to expect drawbacks from time to time, where technical support can now be found, how to deal with fears and what is a sensible investment strategy even in volatile times.
Last week, the Bitcoin price reversed after reaching the all-time high of $73.794, plunging below 70,000 and currently struggling to recover from $62.-63,000. Today, the US Central Bank (Federal Reserve) also holds an interest rate meeting, and the market is anxiously awaiting whether the meeting will confirm or give the crypto market new direction. We have spoken to Senior Analyst Vetle Lunde at K33 to understand what happened last week and what could be the way forward.
Last week, the Bitcoin price reversed after reaching the all-time high of $73.794, plunging below 70,000 and currently struggling to recover from $62.-63,000. Today, the US Central Bank (Federal Reserve) also holds an interest rate meeting, and the market is anxiously awaiting whether the meeting will confirm or give the crypto market new direction. We have spoken to Senior Analyst Vetle Lunde at K33 to understand what happened last week and what could be the way forward.
Questions we cover in the conversation include market interest rate expectations, why the Bitcoin price turned down, the high borrowing in the crypto market, to what extent to expect drawbacks from time to time, where technical support can now be found, how to deal with fears and what is a sensible investment strategy even in volatile times.
