News Formal

Fed-Induced Volatility Pushed Bitcoin to New 3-Month Lows at $18K (Market Watch)

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Over $300 million worth of liquidations in the past 24 hours are the result of the enhanced volatility.

The price of bitcoin was rejected at $20,000 and slumped to $18,000 following the latest interest rate hike by the US Federal Reserve.

The altcoins experienced similar volatility, but most are actually trading in the green now. Once again, Ripple stands out as an impressive gainer.The past several days were quite painful for the bitcoin bulls, and the culmination came on September 19, when the asset plummeted to a three-month low of $18,300.to $19,000, where it spent most of the next few days. More volatility was expected yesterday as the US Fed was about to announce the latest increase in interest rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Having a Federal Fund Rate of 4-5% is perfectly normal and historic. Stop the panic folks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Icebreaker Finance, Maple launch $300 million lending fund for bitcoin minersIcebreaker Finance has launched the lending pool with $300 million available initially.
Source: TheBlock__ - 🏆 464. / 53 Read more »