Bitcoin has recently plunged to its lowest levels since November 2024, driven by concerns over the Federal Reserve’s monetary policy adjustments. As cryptocurrencies experience a broader selloff in risk assets, many investors are bracing for a significant market shift. Data reveals that Bitcoin dropped below the critical $30,000 threshold, closing at approximately $29,500, a stark contrast to its recent highs. Concerns escalated after the Fed hinted at further interest rate hikes to combat inflation, a move expected to have widespread implications on risk-sensitive markets. ‘We’re seeing a flight from riskier assets as the Fed shakes things up,’ commented renowned crypto analyst Maria Lopez. The market is closely monitoring key price levels, with analysts suggesting that a drop below $28,000 may trigger additional selling pressure. As a result, investors are advised to stay vigilant and consider their exposure to cryptocurrencies. This downturn is compounded by increases in volatility and external market pressures, further solidifying the sentiment of caution across the crypto landscape.
Bitcoin Faces Turbulence as Federal Reserve’s Moves Trigger Selloff Fears
