Bitcoin's price has experienced a significant drop, falling below $58,000 and reaching as low as $57,000, marking its lowest level since late February. This decline, down 22% from its all-time high, comes amid concerns over a tougher Federal Reserve interest rate outlook and follows Bitcoin's worst monthly performance since late 2022. Investment bank Standard Chartered has predicted that the price could potentially fall further to the $50K-$52K range, citing the breach of the $60,000 technical level as a precursor to further declines, ahead of the FOMC decision.
❖ BITCOIN COULD DROP FURTHER TO AS LOW AS $50K, STANDARD CHARTERED SAYS Bitcoin’s (BTC) breakdown through the $60K technical level opens the way for another move lower to the $50K-$52K range, investment bank Standard Chartered said in emailed comments on Wednesday.…
Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision https://t.co/Pd5jSm7r1W
🚨$50,000 BITCOIN INCOMING?!🚨 - Banking-giant Standard Chartered believes that the price of #Bitcoin could dip as low as $50,000. - In the last few hours alone, $BTC’s price has fallen to around the $57,000 mark with many analysts calling for this to be a local bottom. "BTC's… https://t.co/p751i5eOfd https://t.co/WOyoaliRJ3
🚨BREAKING: STANDARD CHARTERED SAYS #BITCOIN COULD DROP TO $50,000
Standard Chartered says bitcoin price could fall further to $50,000 https://t.co/icBdjr46ag
BREAKING: $BTC DROPS BELOW $57K https://t.co/sI8FjsMfux
Bitcoin slides below $58,000, rattled by tougher Fed rate outlook https://t.co/uHrCDiIgBT https://t.co/n4AzKOy4GP
🚨BREAKING 🚨 BITCOIN FALLS BELOW $58,000 https://t.co/z8eLuwgBXg
Bitcoin price sinks below $58,000 ahead of FOMC, down 22% from all-time high https://t.co/WX8ZlfUXXl
⚠️ BITCOIN SLIDES BELOW $58,000, RATTLED BY TOUGHER FED RATE OUTLOOK Full Story → https://t.co/nGvYTQ6Igt Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, ahead of an interest rate decision by the Federal Reserve… https://t.co/OC55v1iqFM
BITCOIN FALLS ALMOST 3% BELOW $59,000, LOWEST SINCE LATE FEB