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Why Bitcoin Price USD is Down Today?
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Bitcoin fell 1.91% to $77,656.37 in 24 hours after Fed Chair Kevin Warsh’s Jackson Hole speech raised concerns about prolonged high interest rates. The decline was amplified by $141.57 million in Bitcoin liquidations, including $120.07 million in long positions. Bitcoin now faces support at $75,000-$76,000. Holding this range could support consolidation, while a break below $75,000 could expose $70,000. Investors will watch upcoming U.S. PCE inflation data for the next policy signal.
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