Bitcoin slipped below $ 28,000 before the FOMC session: market observation

Bitcoin slipped below $ 28,000 before the FOMC session: market observation

The price of Bitcoin has deteriorated again in the last 24 hours by falling below $ 28,000.

The old coins are not in a better constitution, since even the remarkable winner of yesterday - BNB - has become red today.

Bitcoin slides off before the FOMC session

Bitcoin experienced a massive volatility last week, which drove it to a multi -day high of $ 30,000 in hours from $ 27,000. However, the upswing followed an immediate and similarly violent rejection that brought him back to the starting price.

The worsening problems of the first republic seemed to have driven the cryptocurrency north again, and BTC knocked on the door of $ 30,000 again. But after a further rejection, Bitcoin started the weekend with around $ 29,000, and only on Sunday did it initiate another price jump.

When $ 30,000 were in sight again, the bears came back to play. This time their efforts had a greater effect, since BTC fell to $ 28,000 within minutes. After Bitcoin stood there for a while, it crashed again hours ago and fell to a 6-day low of $ 27,650 (on Bitstamp).

Although Bitcoin has recovered somewhat since then, Bitcoin is still acting in the minus on a daily basis, shortly before the next FOMC session, where the US Federal Reserve is expected to raise interest rates again. Therefore, more volatility will probably occur tomorrow.

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