The price of Bitcoin dove further to $27,785 on Wednesday and was hovering around its lowest level in 16 months. It fell to $29,000 at 4.53 p.m. EDT (2053 GMT), according to data on Binance, the world's largest crypto exchange by trade volume. With that result, Bitcoin broke below the price of $29,303 that was recorded on July 20 last year, which was regarded by many crypto investors as a strong support level. Bitcoin struggled to find support at $29,000 and further plummeted to $28,200 just after three minutes with a panic selloff and later plummeted to $27,785 at 5.28 p.m. EDT (2128 GMT). ANALİZ FUTBOL dep KUPON @futbolanaliz0317.
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The massive losses in the crypto market come as US stock exchanges continue to plummet amid fears that the Fed's aggressive monetary tightening against record-high inflation could cause a recession in the world's biggest economy. The Dow Jones fell 2.8% to close Monday with a massive 876-point loss. The S&P 500 lost 3.9%, while the tech-heavy Nasdaq dove 4.7%. The Fed's two-day meeting will conclude on Wednesday at 1800GMT, and it is widely expected to make another 50 basis point rate hike. The central bank could signal 75 basis points of interest rate increase for its September meeting to tame consumer inflation that annually rose 8.6% in May. Bitcoin hits lowest level since November. The value of bitcoin slipped below the $5,800 mark Friday -- its lowest levels since November as security and regulatory concerns overwhelm buyers. As the world's most valuable and popular cryptocurrency, bitcoin fell to as low as $5,790 after it soared more than 1,300 percent during 2017 to end the year at $13,863. Bahiszone - online para yatırma.
The Dow Jones fell 2.8% to close Monday with a massive 876-point loss. The S&P 500 lost 3.9%, while the tech-heavy Nasdaq dove 4.7%. The Fed's two-day meeting will conclude on Wednesday at 1800GMT, and it is widely expected to make another 50 basis point rate hike.
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