Coin Edition
Published Jan 31, 2023 15:33
Updated Jan 31, 2023 15:46
4% Drop In Bitcoin Is Due to Decrease in Risk Appetite: Report
Coin Edition -
According to the latest findings by crypto market analysis, the abrupt dip of 4% in the price of Bitcoin yesterday was due to a decrease in risk appetite. The decrease in risk appetite is especially significant as the Federal Reserve’s upcoming Federal Open Market Committee (FOMC) meeting will be held tomorrow.
1/6. BTC was dipping at $22.7k before the upcoming FOMC meeting on Thursday, down more than 4% over the past 24 hours and well off its high Sunday near $24,000. The rise in investor risk aversion is one of the important reasons for the price drop. Coin Edition .Get The AppJoin the millions of people who stay on top of global financial markets with Investing.com.Download Now
Written By: Coin Edition
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