Bitcoin faces a 17% decline, falling from its all-time high of $73,750 to $60,087.
Over $638 million in crypto assets, with $228 million in BTC alone, were liquidated.
Anticipation grows for the FOMC meeting with expectations of a steady federal funds rate of 5.25%–5.5%.
Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures.
The BTC price decline partly stems from the imminent decision by the US Federal Reserve on interest rates. The Federal Open Market Committee (FOMC) meeting on March 19–20 is highly anticipated, with expectations that the federal funds rate will remain steady between 5.25% and 5.5%. Fed Chair Jerome Powell will announce the final decision on March 20 at 6:00 p.m. UTC. That holds implications for both traditional an
We współpracy z: https://thenewscrypto.com/bitcoin-dips-below-61k-amid-etf-outflows-fed-decision/
