Bitcoin's Price Plunge Continues Despite Market Cap Surge and Analyst Predictions.

1 min read
Source: Cointelegraph
Bitcoin's Price Plunge Continues Despite Market Cap Surge and Analyst Predictions.
Photo: Cointelegraph
TL;DR Summary

Bitcoin's price is struggling to maintain support at $28,000, with $30,000 feeling increasingly out of reach. Analysts predict that BTC's price targets are $25,000 and $30,000, with big volatility on the horizon. The upcoming Federal Reserve decision on interest rate policy is causing fear and uncertainty in the market, with a 97.4% chance of a 0.25% rate hike. Meanwhile, the US banking sector is experiencing a resurgent crisis, but Bitcoin is not capitalizing on the fallout.

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