Bitcoin (BTC) loses 4% after surpassing $25k
Analysis and predictions

Bitcoin (BTC) loses 4% after surpassing $25k

While the Fed may raise its tone after the latest U.S. indicators, the price of BITCOIN is down nearly 4% over 24 hours to around $23,750.

The price of the market’s leading crypto fell heavily on Thursday evening after briefly flirting with $25,000.

Over 24 hours, the Bitcoin (BTC) price is tumbling 3.6% to $23,750. The entire crypto market is in the red. A few tokens, including Polygon, are holding their own, however. MATIC is indeed up almost 5% over 24 hours to $1.43.

Earlier this week, and despite regulatory pressure, Bitcoin had recorded a consistent rise and surpassed $24,500, a level the crypto queen had not reached since August 2022.

Several analysts point to reactions from Fed officials suggesting a tightening of the U.S. central bank’s monetary policy as casting a pall over the markets.

The Fed’s most hawkish policymakers have indicated that they may favor a return to higher interest rate hikes in the future.

The price of Bitcoin still remains up more than 40% since the beginning of the year.

Article written by:

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.

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