Now, the main reason for the decline in the price of BTC coin is the market's cautious attitude towards the Fed's future interest rate cuts, which has suppressed the demand for risky assets. At the same time, the rigidity of the BTC coin's chip structure may start price fluctuations in the short term. There are some bullish signals, such as BTC flowing out of centralized trading platforms. This overall market sentiment remains conservative and has failed to effectively support the price increase.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Now, the main reason for the decline in the price of BTC coin is the market's cautious attitude towards the Fed's future interest rate cuts, which has suppressed the demand for risky assets. At the same time, the rigidity of the BTC coin's chip structure may start price fluctuations in the short term. There are some bullish signals, such as BTC flowing out of centralized trading platforms. This overall market sentiment remains conservative and has failed to effectively support the price increase.