Bitcoin Falls Below $65,000 Amid US Federal Reserve Uncertainty

The price of the cryptocurrency Bitcoin declined and fell below $65 thousand due to the uncertainties regarding the steps to be taken by the US Federal Reserve (Fed) in the coming period.

According to data from analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, decreased by 6.7% in 24 hours, falling to $2 trillion 460 billion.

Analysts state that the decline in the prices of Bitcoin and other cryptocurrencies is due to decreased expectations that the Fed will start reducing interest rates in June and increased uncertainties regarding the calendar.

Bitcoin, whose price has decreased by more than 7.4% in the last 24 hours as of 16.40 CET today, fell to the level of $64 thousand 712.

Bitcoin gained approximately 157% in value last year.

Ethereum, which ranks 2nd in terms of market value, lost nearly 10% of its value in the last 24 hours, falling to the level of $3 thousand 242.

Ethereum also broke a record in 2021, rising above $4,800.

Source: AA / Prepared by Irem Yildiz

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