{"id":605983,"date":"2024-05-01T11:42:48","date_gmt":"2024-05-01T11:42:48","guid":{"rendered":"https:\/\/wncen.com\/?p=605983"},"modified":"2024-06-11T07:01:06","modified_gmt":"2024-06-11T07:01:06","slug":"bitcoin-price-dips-below-57000-4-key-reasons","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-dips-below-57000-4-key-reasons\/","title":{"rendered":"Bitcoin Price Dips Below $57,000: 4 Key Reasons"},"content":{"rendered":"
Bitcoin (BTC) has witnessed a significant drop, falling to $56,556 during Wednesday morning in Europe, marking the lowest point since late February. This downturn represents the sharpest monthly decline since November 2022, with BTC tumbling approximately 7.5% within the last 24 hours and breaching the previously stable $60,000 support late Tuesday.<\/p>\n
Anticipation and anxiety are high in financial circles as the Federal Open Market Committee (FOMC)<\/a> is set to announce its interest rate decision later today. This event is crucial as the crypto market, notably Bitcoin, has grown increasingly reactive to macroeconomic signals.<\/p>\n Recent data, reflecting a slowdown in GDP growth coupled with persistent inflation, has significantly reduced expectations of interest rate cuts by the Federal Reserve. “Bitcoin and other risk assets are currently feeling the pressure from a stagflationary environment, geopolitical tensions, and seasonal liquidity variations,” remarked<\/a> Ted from TalkingMacro.<\/p>\n