Welcome back to your Proactive Crypto Report with Natalie Stoberman!
Bitcoin has dropped back down to $25,000, even below the support level for the first time in three months, likely due to the hawkish Federal Open Markets Committee announcement on pausing interest rate hikes.
Federal Reserve Chair Jerome Powell hinted at potential interest rate hikes by the end of the year, which didn’t sit well with the crypto market. Bitcoin experienced a sharp four percent plunge in just 30 minutes, while Ethereum dropped by five percent to $1,600. Even stablecoin Tether briefly lost its dollar peg.
Join the discussion and share your thoughts on whether the crypto market can recover in time for the next FOMC meeting. Thanks for watching and stay tuned for more updates!
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