Deur ZyCrypto - 1 jaar gelede - Leestyd: 2 minute
Bitcoin Plunges Below $20,000 Again As ECB Gears Up To Raise Rates ‘At A Faster Pace’
Op Woensdag, Bitcoin fell as low as $19,899 following a risk-off by investors after a volatile New York session on Tuesday. Ethereum dipped by over 9% to $1,114 with other cryptos such as Solana and Shiba Inu plunging by over 10%. Technology stocks led the overnight carnage with the high beta Nasdaq 100 Index (NDX) dropping close to 4% before market close.
Die skerp daling is veroorsaak deur 'n oorvloed faktore, die belangrikste daarvan, 'n verklaring deur die Europese Sentrale Bank President Christine Lagarde detailing a plan to go harder on inflation. Bitcoin and other cryptocurrency investors have particularly been attentive to inflation rate decisions, with major asset classes balking at the prospects of further monetary tightening to tame soaring prices.
In die Dinsdag-verklaring het Lagarde haar verbintenis herhaal om inflasiedruk te verlig en verklaar dat ondanks die onderliggende ekonomiese onsekerheid "die tempo van rentekoersnormalisering nie vooraf gedefinieer kan word nie."
Gevolglik het sy verklaar dat die bank voornemens is om die drie sleutelrentekoerse met 25 basispunte te verhoog tydens die volgende vergadering op 21 Julie nadat sy effekte-aankope-stimulusprogram beëindig is. Die laaste keer dat die bank rentekoerse in die eurosone verhoog het, was in 2011. Die ECB-hoof het egter opgemerk dat "as die mediumtermyn-inflasievooruitsigte voortduur of versleg, 'n groter verhoging gepas sal wees by die September-vergadering," wat aandui dat meer belangstelling rentekoersverhogings kan voorlê.
In die afgelope twee maande, Bitcoin miners have also been hul belonings te stort amid plunging profitability and soaring energy prices. According to a report by Arcane Research, May witnessed the biggest sell-off by miners since 2020 with several publicly listed bitcoin mining firms offloading 100% of their May rewards. While dumping by miners has historically signaled the market is entering the final capitulation phase, efforts by miners to sell their BTC in large quantities could negatively affect the cryptocurrency’s price.
BTCUSD Grafiek deur TradingViewTechnically, although Bitcoin looks quite weak in the $20ks, there is so much hope by various analysts that the prys kan styg from here. As of writing, Bitcoin is trading at 20,023 after losing over 4.53% in the past 24 hours. A break below the $20,000 and 2018’s high of $19,798 could trigger a deeper sell-off, potentially sending prices to sub-$17k.The sharp drop was triggered by a plethora of factors, key among them, a statement by the European Central Bank President Christine Lagarde
Oorspronklike bron: ZyCrypto