Opinion: Bitcoin and cryptocurrencies are ready for a Fed price shock

PANews reported on January 29 that, according to Forbes, despite BlackRock CEO Larry Fink's previous disclosure of discussions with sovereign wealth funds about buying Bitcoin, Bitcoin prices fell to a low again yesterday, but analysts believe that Bitcoin and cryptocurrencies are ready for the Fed's huge price shock. Alex Kuptsikevich, chief market analyst at FxPro, said in an email: "The current low Bitcoin price can be attributed to risk aversion before the Fed meeting." After U.S. President Donald Trump called for a sharp interest rate cut, Bitcoin and cryptocurrency traders are ready for the Fed's latest interest rate decision.

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Author: PA一线

This content is for market information only and is not investment advice.

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