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

Oleh ZyCrypto - 1 tahun yang lalu - Masa Membaca: 2 minit
Rabu, 29 Jun 2022 1:59 PTG

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

Pada hari Rabu, 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.

Penurunan mendadak itu dicetuskan oleh pelbagai faktor, antaranya, satu kenyataan Bank Pusat Eropah Presiden 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.

Dalam kenyataan hari Selasa, Lagarde mengulangi komitmennya untuk meredakan tekanan inflasi dengan menyatakan bahawa walaupun terdapat ketidaktentuan ekonomi yang mendasari "kepantasan normalisasi kadar faedah tidak boleh ditakrifkan ex-ante."

Oleh itu, beliau menyatakan bahawa bank itu berhasrat untuk menaikkan tiga kadar faedah utama sebanyak 25 mata asas semasa mesyuarat seterusnya pada 21 Julai selepas menamatkan program rangsangan pembelian bonnya. Kali terakhir bank itu menaikkan kadar faedah di zon euro adalah pada 2011. Bagaimanapun, ketua ECB menyatakan bahawa "jika prospek inflasi jangka sederhana berterusan atau merosot, kenaikan yang lebih besar akan sesuai pada mesyuarat September," menandakan bahawa lebih banyak faedah. kenaikan kadar mungkin akan berlaku.

Dalam dua bulan lalu, Bitcoin miners have also been melambakkan pahala mereka 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 harga boleh melonjak 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

Sumber asal: ZyCrypto