What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
We've seen the effects just now, in the 4 hour timeframe, Bitcoin goes down hard as they Feds are going to increased the rate hike to fight off inflation. So this is a negative news not just for crypto investors, but for the whole financial market as well. The result? all of them went down hard, Nasdaq, crypto, S&P. So it just shows that we have some kind of correlation with other markets as well. So the last push to $40,000 was just a bull trap and for sure maybe some of us get caught very bad by this action.
Yes indeed we are currently stuck in a very bad situation, almost all tokens have decreased in price and if this continues to decline, we will lose more and more of our money.
Hopefully this situation will improve quickly and the price of bitcoin quickly reverses direction from its current price.