{"id":488662,"date":"2022-04-22T08:04:53","date_gmt":"2022-04-22T08:04:53","guid":{"rendered":"https:\/\/wncen.com\/?p=488662"},"modified":"2022-04-22T08:10:47","modified_gmt":"2022-04-22T08:10:47","slug":"bitcoin-falls-back-to-40000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/","title":{"rendered":"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps"},"content":{"rendered":"

Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made “more quickly.”<\/p>\n

Powell also indicated that a rate hike of 0.5 percentage point was “on the table” for next month.<\/p>\n

James Bullard, President of the St. Louis Federal Reserve Bank, said Tuesday that he expects interest rates to reach as high as 3.5 percent by the end of the year.<\/p>\n

Bitcoin fell to $40,586 on Friday, down from a daily high of $42,965 at noon, while the whole cryptocurrency market retreated to $1.88 trillion.<\/p>\n

Tuesday morning, Bitcoin’s price fell below the $40,000 mark before regaining a few hours later. Bitcoin hovered just above $42,000 on Thursday.<\/p>\n

Make Or Break For Bitcoin<\/h2>\n

The $40,000 barrier has emerged as a make-or-break point for Bitcoin, market observers say, as its performance from there could set the tone for whether the market reaches another bullish or bearish phase.<\/p>\n

With inflation surging, stocks collapsing, and investors clueless on how rapidly the central bank will hike interest rates, many would argue that now is the optimal time to invest in Bitcoin.<\/p>\n

Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum<\/a><\/em><\/strong><\/p>\n

Nonetheless, the world’s most valuable digital asset has shed almost 20% of its value thus far this year, dipping as low as $33,000 on January 25 before recovering. Bitcoin reached an all-time high of roughly $69,000 on November 8, last year, just over three months ago.<\/p>\n

<\/p>\n

BTC total market cap at $775.76 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\n
Bitcoin’s trading history has been turbulent and volatile from its inception. Cryptocurrency as an asset class continues to evolve in lockstep with the forces that impact its prices.<\/p>\n
Cryptocurrencies have continued to track the tech industry’s recent decline, as the Nasdaq fell 2% Friday, the most since middle of March.<\/p>\n
Rate Hike To Contain Inflation<\/h2>\n
Interest rates are being raised in order to counteract rising inflation, which reached 8.5 percent last month. High-growth investments, on the other hand, such as technology, are appraised using a discounted cash flow concept.<\/p>\n
Investors have been grappling with rising inflation, geopolitical issues, and concerns about the central bank tightening monetary policy.<\/p>\n
The Fed’s March meeting minutes released last week revealed its intention to cut its balance sheet by $95 billion each month to contain inflation.<\/p>\n
Meanwhile, in another development, Elon Musk’s electric vehicle company Tesla is hodling Bitcoin.<\/p>\n
On the company’s balance sheet, digital assets total $1.261 billion. Since the first three months of last year, the Austin, Texas-based EV giant has neither purchased nor sold any crypto assets.<\/p>\n
Suggested Reading | Crypto Quick Look: BTC Touches $42,000, ETH Notches 10-Day Peak<\/a><\/em><\/strong><\/p>\n
Featured image from Investors King, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made “more quickly.” Powell also indicated that a rate hike of 0.5 percentage point was “on the table” for next month. James Bullard, President of the St. Louis Federal Reserve Bank, said Tuesday that he expects interest rates to reach as high as 3.5 percent by the end of the year. Bitcoin fell to $40,586 on Friday, down from a daily high of $42,965 at noon, while the whole cryptocurrency market retreated to $1.88 trillion. Tuesday morning, Bitcoin’s price fell below the $40,000 mark before regaining a few hours later. Bitcoin hovered just above $42,000 on Thursday. Make Or Break For Bitcoin The $40,000 barrier has emerged as a make-or-break point for Bitcoin, market observers say, as its performance from there could set the tone for whether the market reaches another bullish or bearish phase. With inflation surging, stocks collapsing, and investors clueless on how rapidly the central bank will hike interest rates, many would argue that now is the optimal time to invest in Bitcoin. Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum Nonetheless, the world’s most valuable digital asset has shed almost 20% of its value thus far this year, dipping as low as $33,000 on January 25 before recovering. Bitcoin reached an all-time high of roughly $69,000 on November 8, last year, just over three months ago. BTC total market cap at $775.76 billion on the daily chart | Source: TradingView.com Bitcoin’s trading history has been turbulent and volatile from its inception. Cryptocurrency as an asset class continues to evolve in lockstep with the forces that impact its prices. Cryptocurrencies have continued to track the tech industry’s recent decline, as the Nasdaq fell 2% Friday, the most since middle of March. Rate Hike To Contain Inflation Interest rates are being raised in order to counteract rising inflation, which reached 8.5 percent last month. High-growth investments, on the other hand, such as technology, are appraised using a discounted cash flow concept. Investors have been grappling with rising inflation, geopolitical issues, and concerns about the central bank tightening monetary policy. The Fed’s March meeting minutes released last week revealed its intention to cut its balance sheet by $95 billion each month to contain inflation. Meanwhile, in another development, Elon Musk’s electric vehicle company Tesla is hodling Bitcoin. On the company’s balance sheet, digital assets total $1.261 billion. Since the first three months of last year, the Austin, Texas-based EV giant has neither purchased nor sold any crypto assets. Suggested Reading | Crypto Quick Look: BTC Touches $42,000, ETH Notches 10-Day Peak Featured image from Investors King, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":488663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,85834],"tags":[428,1119,6664,7918,2438],"class_list":["post-488662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-federal-reserve","tag-bitcoin","tag-btc","tag-crypto","tag-federal-reserve","tag-inflation"],"acf":[],"yoast_head":"\nBitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps<\/title>\n<meta name=\"description\" content=\"Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made "more quickly."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made "more quickly."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-22T08:04:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-22T08:10:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"958\" \/>\n\t<meta property=\"og:image:height\" content=\"580\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps\",\"datePublished\":\"2022-04-22T08:04:53+00:00\",\"dateModified\":\"2022-04-22T08:10:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/\"},\"wordCount\":426,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580\",\"keywords\":[\"bitcoin\",\"btc\",\"crypto\",\"federal reserve\",\"inflation\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Federal Reserve\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/\",\"name\":\"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580\",\"datePublished\":\"2022-04-22T08:04:53+00:00\",\"dateModified\":\"2022-04-22T08:10:47+00:00\",\"description\":\"Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made \\\"more quickly.\\\"\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580\",\"width\":958,\"height\":580,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/wncen.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps","description":"Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made \"more quickly.\"","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps","og_description":"Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made \"more quickly.\"","og_url":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-04-22T08:04:53+00:00","article_modified_time":"2022-04-22T08:10:47+00:00","og_image":[{"width":958,"height":580,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg","type":"image\/jpeg"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/"},"author":{"name":"Christian Encila","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps","datePublished":"2022-04-22T08:04:53+00:00","dateModified":"2022-04-22T08:10:47+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/"},"wordCount":426,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580","keywords":["bitcoin","btc","crypto","federal reserve","inflation"],"articleSection":["Bitcoin","Cryptocurrency Market News","Federal Reserve"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/","url":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/","name":"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580","datePublished":"2022-04-22T08:04:53+00:00","dateModified":"2022-04-22T08:10:47+00:00","description":"Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made \"more quickly.\"","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580","width":958,"height":580,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps","url":"http:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-falls-back-to-40000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","crypto","federal reserve","inflation"],"dateCreated":"2022-04-22T08:04:53Z","datePublished":"2022-04-22T08:04:53Z","dateModified":"2022-04-22T08:10:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-falls-back-to-40000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-falls-back-to-40000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Bitcoin-6.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Bitcoin-6.jpg?fit=958%2C580\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"crypto\",\"federal reserve\",\"inflation\"],\"dateCreated\":\"2022-04-22T08:04:53Z\",\"datePublished\":\"2022-04-22T08:04:53Z\",\"dateModified\":\"2022-04-22T08:10:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/04\/Bitcoin-6.jpg?fit=958%2C580","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/488662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=488662"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/488662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/488663"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=488662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=488662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=488662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}