PANews reported on January 29 that, according to Forbes, despite BlackRock CEO Larry Fink's previous disclosure of discussions with sovereign wealth funds about buying Bitcoin, Bitcoin prices fell to a low again yesterday, but analysts believe that Bitcoin and cryptocurrencies are ready for the Fed's huge price shock. Alex Kuptsikevich, chief market analyst at FxPro, said in an email: "The current low Bitcoin price can be attributed to risk aversion before the Fed meeting." After U.S. President Donald Trump called for a sharp interest rate cut, Bitcoin and cryptocurrency traders are ready for the Fed's latest interest rate decision.
Opinion: Bitcoin and cryptocurrencies are ready for a Fed price shock
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