PiCK
Bloomberg: "Bitcoin Closes Weekly Down for the First Time Since Trump's Election... Drops Over 7%"
Suehyeon Lee
Summary
- Bitcoin reportedly fell over 7% weekly for the first time since Trump's election victory.
- The decline was influenced by the Fed's hawkish remarks and large-scale capital outflows from Bitcoin spot ETFs.
- Experts believe these factors will put short-term pressure on Bitcoin prices.
Bitcoin (BTC) has closed weekly down for the first time since Donald Trump's victory in the U.S. presidential election.
On the 23rd (local time), Bloomberg reported, "As the Federal Reserve (Fed) announced it would adjust the pace of rate cuts, Bitcoin closed weekly down for the first time since Trump's election victory." In fact, Bitcoin has reportedly fallen over 7% in the past seven days.
Regarding this, the media stated, "This is the largest weekly drop since September, and the decline was influenced by the Fed's hawkish remarks and large-scale capital outflows from Bitcoin spot ETFs. Experts believe these factors will put short-term pressure on Bitcoin prices."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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