Fed Announces Inflation Warnings As Bitcoin Whales Remain In Wait Mode

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Tue, Jun 30, 2022 1:04 PM

Fed Announces Inflation Warnings As Bitcoin Whales Remain In Wait Mode

Over the past few hours, the price of bitcoin has deviated from a key level of support and fallen below $19,000. The transaction history reveals that many addresses purchased Bitcoin for more than $20,000. These market players would soon liquidate their holdings to prevent further losses, which would set off a decline toward $16,000

Nekuda kwekunetseka kukuru kwekukwira kwemitengo uye kukwira kwemitengo kunoratidzwa nemabhanga epakati, kunyanya US Federal Reserve, BTC yakapotsa yarasikirwa nehafu yekukosha kwayo pamwedzi wapfuura.

Bitcoin’s market valuation has fallen from $1.27 trillion in November 2021 to under $366 billion at present.

Jerome Powell, sachigaro weFederal Reserve, akasimbisazve kuzvipira kweFed kukwidza mhindu kuitira kuderedza inflation. Akataura panguva yemusangano weECB kuti dambudziko rekukwira kwemitengo rainyanya kumunetsa pane mukana wekukwira kwemitengo yekukonzera kuti hupfumi hweUS hupinde mukuderera.

“Pane ngozi here kuti tisvike kure? Chokwadi, pane njodzi, ”akadaro Powell. "Chikanganiso chikuru chekuita - ngatizviisei saizvozvo - kutadza kudzoreredza kugadzikana kwemitengo."

Powell akataura kuti Fed inoda kukurumidza kukwidza mitengo nekuti kukwira zvishoma nezvishoma kunogona kupa vatengi pfungwa yekuti yakawedzera mitengo yezvinhu yaisazoenda. Akataura kuti kuwedzera kwemitengo kunogona kudzikiswa gore rinotevera risati rasvika.

Related reading | Doom To Fail: Tether Shorts Pile In As Hedge Funds Seek To Profit From Crypto Winter

Kutevera zvakataurwa naPowell, remangwana remusika weUS rakaderera, neayo eS&P 500 achidonha 1.59% uye ayo etech-heavy Nasdaq 100 achirasikirwa ne1.9%. Misika yeAsia yaive pasi, iine Asia Dow index uye Japan Nikkei 225 zvese zviri pasi 1.54%.

On-chain data on CryptoQuant suggests that most traders are awaiting the next significant price decline. The price anticipation appears to be for a short-term opportunity, though.

On-chain data also implies that big whales are waiting for a good opportunity to accumulate cryptocurrencies, not only tiny and average traders. Data shows that, interestingly, whales’ holdings in Bitcoin are not now growing.

This demonstrates unequivocally that the whales are awaiting a better opportunity. Whales’ holdings between 100 and 1,000 and between 1,000 and 10,000 Bitcoins currently exhibit a flat line.

Kuverenga kwakabatana | Bitcoin Slides Under $20K – Another Collapse In The Offing?

Original source: NhauBTC