Browsing: Federal Reserve

The Crypto market in the world is looking ugly.

The bitcoin price fell to a three-month low on January 10, accelerating the slide that started when the Federal Reserve ignited a broad sell-off worth US$300 billion. The bank cautioned that it might move more quickly than previously expected to reverse policy meant to reinforce the economy during the Coronavirus pandemic.

Experts predict that the latest crypto fall will persist for weeks in the Federal Reserve measures continue to be more aggressive.

As the rise and fall becomes more frequent and intense, it confirms that bitcoin does not follow a come -around -go-around trend.
In October this year, bitcoin drooped intensely before breaking the roof to hit a record high of US$66893.22. Investor psychology can be used to explain the trend in digital currency.

On a normal day, bitcoin investors use a fall in bitcoin worth as a go ahead to purchase, due to low prices at this time. The investors then wait to reach highs to sell off their accumulated assets; creating a loop of buying and selling.