Bitcoin (BTC) finds itself back in the red as it struggles to regain momentum following a substantial decline over the weekend. The flagship cryptocurrency rallied on Friday but lost momentum over the weekend, dropping to a low of $110,635 by Sunday.
Bitcoin (BTC) fell to a seven-week low, falling to a low of $108,670 amid renewed fears over the Federal Reserve’s independence after President Donald Trump said he is removing Federal Reserve Board governor Lisa Cook from her position.
Bitcoin (BTC) started the week in the red, falling to a low of $110,555 on Monday thanks to a weekend sell-off that triggered a flash crash and a wave of liquidations, sending prices crashing.
Bitcoin (BTC) continued dropping for a second day as selling pressure pushed the price below $115,000. The flagship cryptocurrency is down nearly 1% over the past 24 hours, trading around $114,890.
Bitcoin (BTC), the broader crypto market, and crypto stocks surged after Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. Investors were braced for a hawkish stance but were surprised after Powell suggested interest rate cuts could be coming soon.
Bitcoin (BTC) continues to struggle thanks to waning demand as investors brace themselves for Federal Reserve Chair Jerome Powell’s Jackson Hole speech. The speech could give clues about Fed policy and interest rate cuts. A hawkish tone could drag the flagship cryptocurrency lower, while a dovish stance could see prices climb higher.
Bitcoin (BTC) is back in the red during the ongoing session, down nearly 1%, trading around $113,253. The flagship cryptocurrency has struggled to build momentum since reaching a new all-time high last Thursday, and has traded mostly in the red during the ongoing week.
Bitcoin’s (BTC) upward trajectory has hit a temporary roadblock as investors wait for the FOMC meeting minutes. The flagship cryptocurrency fell to a 17-day low as it plunged to $112,555 on Wednesday.
Bitcoin (BTC) fell to a low of $114,420 during the current session before recovering to reclaim the $115,000 mark. The flagship cryptocurrency continued to trade downwards after setting a new all-time high on August 14, when it reached $124,533.
Bitcoin (BTC) has started the week in bearish territory as bearish sentiment continues to dominate the market. The flagship cryptocurrency is down nearly 2%, trading around $115,525 after dipping to a low of $114,703.
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