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<ul class="news-points"> 
 <li>Bitcoin declined by more than 5% from its new all-time high of $73,803.25 to $66,629.</li> 
 <li>The decline demonstrates the inherent volatility of the crypto market in general and the Bitcoin market in particular.</li> 
 <li>With BTC’s dip, the possibility of the Fed cutting interest rates declined from 74% to 60%.</li> 
</ul> 
In a recent <a href="https://www.reuters.com/markets/currencies/volatile-bitcoin-falls-record-high-crypto-frenzy-hits-pause-2024-03-15/" target="_blank" rel="nofollow">downturn</a> in the Bitcoin market, the cryptocurrency saw a grave decline from its new all-time high to a one-week low of $66,629. Bitcoin’s sudden fall of more than 5% after hovering at the record high of $73,803.25 shows the inherent volatility of the crypto market. 
Despite slight fluctuations, the largest cryptocurrency has been riding on a positive track over the past few weeks. The growing demand for the Spot Bitcoin ETF, demonstrated by the astounding <a href="https://coinedition.com/spot-bitcoin-etfs-record-more-than-10b-in-trading-volume/">trading volume</a> and inflows, and the upcoming Bitcoin halving have highly contributed to the bullish trend in BTC. 
However, the recent fall in Bitcoin’s price invokes questions regarding the uncertainty of the crypto market. BTC’s current plummet also hints at the lesser possibility of the Federal Reserve cutting interest rates in June 2024. 
The post <a href="https://coinedition.com/bitcoin-dips-5-is-bitcoins-bullish-future-in-despair/">Bitcoin Dips 5%: Is Bitcoin’s Bullish Future in Despair?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Dips 5%: Is Bitcoin’s Bullish Future in Despair?

Coin Edition

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