PiCK
Bloomberg: "Bitcoin Closes Weekly Down for the First Time Since Trump's Election... Drops Over 7%"
Suehyeon Lee
- 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.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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.PiCK News
Prosecutors Indict President Yoon Suk-yeol on Charges of Rebellion
1 hours ago
[Key Economic and Cryptocurrency Events of the Week] US Fed Rate Decision and More
4 hours ago![[Key Economic and Cryptocurrency Events of the Week] US Fed Rate Decision and More](https://media.bloomingbit.io/static/news/brief_en.png)
Justin Sun Criticizes Coinbase for Not Listing TRX Despite Trump's Purchase
6 hours ago
Wall Street Confident in FOMC Rate Freeze [New York Stock Market Weekly Outlook]
9 hours ago![Wall Street Confident in FOMC Rate Freeze [New York Stock Market Weekly Outlook]](https://media.bloomingbit.io/prod/news/bab309bf-b885-45a8-8719-5deab4c27c22.webp)
"Enhancing Efficiency with Advanced Technology"... Musk Initiates 'Blockchain Government'
12 hours ago
Ranking News