Bitcoin’s price erased all of its gains from this week in a dramatic turn of events, crashing to a critical support level. This sudden downturn came amid hotter-than-expected PPI data and a speech by Jerome Powell, the Federal Reserve chair, which cast a significant shadow over the possibility of any interest rate cuts for this year. The combination of these factors clearly had a profound impact on the market, leading to a sharp decline in Bitcoin’s value. It’s worth noting that the PPI data was a major contributor to this shift, as it was significantly higher than anticipated. Meanwhile, Jerome Powell’s speech at the Federal Reserve played a crucial role in shaping the market’s expectations for the future. As a result, Bitcoin’s price plummeted, wiping out all of its gains from the week in a matter of moments. The critical support level it crashed to is now being closely watched by investors and analysts alike, as it could be a make-or-break point for the cryptocurrency’s future trajectory. With the Federal Reserve’s stance on interest rates now clearer, the market is adjusting its expectations accordingly. The hotter-than-expected PPI data and Jerome Powell’s speech have undoubtedly sent a strong signal to investors, leading to a significant correction in Bitcoin’s price. As the market continues to react to these developments, one thing is certain – the road ahead for Bitcoin will be closely tied to the actions of the Federal Reserve and the overall state of the economy.<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin’s price erased all of its gains from this week in a dramatic turn of events, crashing to a critical support level. This sudden downturn came amid hotter-than-expected PPI data and a speech by Jerome Powell, the Federal Reserve chair, which cast a significant shadow over the possibility of any interest rate cuts for this year. The combination of these factors clearly had a profound impact on the market, leading to a sharp decline in Bitcoin’s value. It’s worth noting that the PPI data was a major contributor to this shift, as it was significantly higher than anticipated. Meanwhile, Jerome Powell’s speech at the Federal Reserve played a crucial role in shaping the market’s expectations for the future. As a result, Bitcoin’s price plummeted, wiping out all of its gains from the week in a matter of moments. The critical support level it crashed to is now being closely watched by investors and analysts alike, as it could be a make-or-break point for the cryptocurrency’s future trajectory. With the Federal Reserve’s stance on interest rates now clearer, the market is adjusting its expectations accordingly. The hotter-than-expected PPI data and Jerome Powell’s speech have undoubtedly sent a strong signal to investors, …<\/p>","protected":false},"author":1,"featured_media":3009,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40,206,414,48,50],"tags":[],"class_list":["post-3010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-interest-rates","category-jerome-powell","category-markets","category-price-analysis"],"acf":[],"_links":{"self":[{"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/posts\/3010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/comments?post=3010"}],"version-history":[{"count":0,"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/posts\/3010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/media\/3009"}],"wp:attachment":[{"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/media?parent=3010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/categories?post=3010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chaincapital.news\/ru\/wp-json\/wp\/v2\/tags?post=3010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}