[ad_1]
© Ink Drop 4% Drop In Bitcoin Is Due to Decrease in Risk Appetite: Report
- As per reports, Wall Street has become extremely defensive ahead of this week’s major risk events.
- Meanwhile, the became stronger as compared with the weak risk asset market.
- Block traders are looking for a potential short-term pullback.
According to the latest findings by crypto market analysis, the abrupt dip of 4% in the price of yesterday was due to a decrease in risk appetite. The decrease in risk appetite is especially significant as the Federal Reserve’s upcoming Federal Open Market Committee (FOMC) meeting will be held tomorrow.
1/6. BTC was dipping at $22.7k before the upcoming FOMC meeting on Thursday, down more than 4% over the past 24 hours and well off its high Sunday near $24,000. The rise in investor risk aversion is one of the important reasons for the price drop. pic.twitter.com/dcGvNdxwer
— Blofin Academy (@Blofin_Official) January 31, 2023
The post 4% Drop In Bitcoin Is Due to Decrease in Risk Appetite: Report appeared first on Coin Edition.
[ad_2]
Source link
(This article is generated through the syndicated feed sources, Financetin neither support nor own any part of this article)
