Reserve

Jerome Powell

Bitcoin

FED President Jerome Powell made statements after the US Federal Reserve left the policy rate constant at 5.25%-5.5% yesterday. 
At this point, Powell pointed out that it was premature for the FED to start interest rate cuts in March, causing a decline in Bitcoin and altcoins. 
While Bitcoin fell to the $ 42,000 level, February, which usually goes up for BTC, opened with a red candle this time. 
BTC, which had a bad start to February, closed February in red only twice in the last 11 years. 
Bitcoin, which has been on the rise in February for the remaining 9 years, closed February in the red only in 2020 and 2014, according to CoinGlass' data. 
Bitcoin increased at rates ranging from 0.03% to 61% in the other 9 years. 
<img decoding="async" class="alignnone size-full wp-image-133644" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/02/Ekran-goruntusu-2024-02-01-161830.png" alt="" width="1320" height="749"> 
At this point, analysts announced that they expect Bitcoin to rise in February 2024, based on historical data. 
BTC, which has decreased by 1.2% in the last 24 hours, continues to be traded at $ 42,100 at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-starts-a-new-month-does-btc-like-february-what-do-historical-data-point-to-for-february/">Bitcoin Starts a New Month: Does BTC Like February? What Do Historical Data Point to for February?</a>

Bitcoin Starts a New Month: Does BTC Like February? What Do Historical Data Point to for February?

Bitcoin Sistemi EN

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