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4% Drop In Bitcoin Is Due to Decrease in Risk Appetite: Report

Published 2023-01-31, 03:33 p/m
Updated 2023-01-31, 03:46 p/m
© Reuters.  4% Drop In Bitcoin Is Due to Decrease in Risk Appetite: Report

© Reuters. 4% Drop In Bitcoin Is Due to Decrease in Risk Appetite: Report

Coin Edition -

  • As per reports, Wall Street has become extremely defensive ahead of this week’s major risk events.
  • Meanwhile, the US Dollar Index 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 Bitcoin 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.

The post 4% Drop In Bitcoin Is Due to Decrease in Risk Appetite: Report appeared first on Coin Edition.

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