Why is Bitcoin price down today? By Cointelegraph
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© Reuters. The bullish momentum that propelled (BTC) price to a 2023 high at $23,048 appears to have waned on Jan. 25 as the price dropped to a intraday low at $22,300. The pause in bullish momentum appears connected to lowered earnings expectations from big tech companies and the Federal Reserve’s Federal Open Market Committee (FOMC).
The contraction in Bitcoin price follows a market-wide decline, and analysts fear that the crypto market could face considerable danger from the FOMC decision.
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© Reuters. The bullish momentum that propelled (BTC) price to a 2023 high at $23,048 appears to have waned on Jan. 25 as the price dropped to a intraday low at $22,300. The pause in bullish momentum appears connected to lowered earnings expectations from big tech companies and the Federal Reserve’s Federal Open Market Committee (FOMC).
The contraction in Bitcoin price follows a market-wide decline, and analysts fear that the crypto market could face considerable danger from the FOMC decision.
Continue Reading on Coin Telegraph
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