Fear is growing and investors are selling at a loss
When BTCUSD fell to $15,597, analysts were turning to technical charts to try to find the next price path. the FTX crash was just the trigger, and the cryptocurrency market has been influenced by U.S. interest rates.
cryptocurrencies are risky assets by nature, and their sharp decline has a lot to do with expectations that the Federal Reserve will continue to raise interest rates.
Shorting at the right price level may make you rich.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.