At the opening ceremony on Wall Street on March 24th, Bitcoin fell at $28000 as a new commercial bank dilemma was unable to further improve data encryption.
Cointelegraph Markets Pro and TradingView statistics show that the BTC/ dollar lost momentum on Binance and touched a daily low of $28001.
After the most typical revisit on March 23rd to circumvent the anxiety caused by America's latest economic policy measures, the two men tried to tamp it down.
The Fed meeting (Fed) raised the benchmark lending rate by 0.25 per cent on March 23rd, coupled with mixed comments from Jerome Jerome of the Fed, which added to the anxiety of risky assets in the absence of any established trajectory.
As a result, Bitcoin was hesitant on March 24, and investment analysts are likely to disagree on the next step in comparing bitcoin prices.
"this is typical anxiety, but unless we come together to see changes in market demand, lower bottoms and lower highs, there is nothing to worry about from a rising point of view," the optimistic Crypto Tony told Twitter followers.
REKT Capital, a popular trader and investment analyst, shares a positive attitude towards the overall strength of the bitcoin against the dollar.
In his latest research, he made up a lie: "to determine a new macroeconomic growth trend, Bitcoin only needs to close by $25000 a month."
"so far, everything has gone well."
Trusted Crypto, a trader in the same industry, also said that even if Bitcoin fell to $23000 against the dollar, it did not mean a clean break with the rising individual behavior at this stage.
A few weeks of beheading is very helpful for me here before we make our own rebound. Anything less than 22-23K is a free game, and there's nothing to worry about. "he wrote on March 23.
In the short term, popularity is affected by the temporary trading closure of Binance, the world's largest trading center, which temporarily suspended the spot market.
The raw material index value of the detected network resources on the chain emphasizes that the circulation of bidding appears on the bitcoin order information to avoid selling.
In addition, macroeconomic concerns over the woes of US commercial banks intensified on March 24th, with Deutsche Bank's total market capitalisation shrinking just days after the takeover and government bailout of Credit Suisse.
Bank shares sell off and returns sell off. The price of precious metals has increased. Bitcoin is kind of like it, "Daan Crypto Trades, an investment analyst, responded.
"the TradFi world seems to have inherited the trend of last week. Let's see if BTC has more possibilities in it.
At the time of writing, Deutsche Bank's shares fell nearly 10% on March 24.
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