Bitcoin plummets below $80,000: crypto market gripped by sell-off wave
On the last day of January, the value of Bitcoin fell below the psychological mark of $80,000 for the first time in a long time, which provoked a cascade of liquidations in the crypto market. The fall of the main cryptocurrency is accompanied by significant outflows of funds from Bitcoin ETFs and a general decrease in investors’ appetite for risky assets amid macroeconomic uncertainty. This is reported by Bloomberg, writes UNN.
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According to Bloomberg, the main reason for the acceleration of the collapse was a change in expectations regarding the monetary policy of the US Federal Reserve. The nomination of Kevin Warsh as Fed chairman, whom the market perceives as a hardliner, intensified investors’ fears of a prolonged period of…
