Bitcoin Plunges Below $20,000 Again As ECB Gears Up To Raise Rates ‘At A Faster Pace’

Autor ZyCrypto - prije 1 godinu - Vrijeme čitanja: 2 minute
sre, 29. jun 2022. 1:59

Bitcoin Plunges Below $20,000 Again As ECB Gears Up To Raise Rates ‘At A Faster Pace’

U srijedu, 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.

Oštar pad izazvan je mnoštvom faktora, među kojima je ključni, saopštenje Evropske centralne banke Predsjednica 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.

U izjavi od utorka, Lagarde je ponovila svoju posvećenost ublažavanju inflatornog pritiska, navodeći da uprkos osnovnoj ekonomskoj neizvjesnosti "tempo normalizacije kamatnih stopa ne može biti definiran ex-ante".

Shodno tome, ona je navela da banka namjerava da podigne tri ključne kamatne stope za 25 baznih poena tokom sljedećeg sastanka 21. jula nakon okončanja programa stimulacije kupovine obveznica. Poslednji put kada je banka podigla kamatne stope u evrozoni bilo je 2011. Međutim, šef ECB je primetio da „ako se srednjoročni izgledi za inflaciju nastave ili pogoršaju, veći porast će biti prikladan na sastanku u septembru“, signalizirajući da će veće interesovanje mogla bi doći do povećanja stope.

In the past two months, Bitcoin miners have also been odbacuju svoje nagrade 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.

Technically, although Bitcoin looks quite weak in the $20ks, there is so much hope by various analysts that the cijena bi mogla skočiti 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

Izvorni izvor: ZyCrypto