{"id":136406,"date":"2024-08-29T12:00:46","date_gmt":"2024-08-29T09:00:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136406"},"modified":"2024-08-29T01:30:00","modified_gmt":"2024-08-28T22:30:00","slug":"here-is-why-bitcoins-price-declined-sharply-according-to-matrixport","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-why-bitcoins-price-declined-sharply-according-to-matrixport\/","title":{"rendered":"Here is Why Bitcoin’s Price Declined Sharply, According to Matrixport"},"content":{"rendered":"

The decline in BTC<\/a><\/strong> comes in the wake of recent dovish comments from the Federal Reserve and a lack of bullish momentum during Monday\u2019s trading session.<\/p>\n

Matrixport\u2019s analysis suggests that the pullback was primarily driven by long position liquidations in a low liquidity market, as there was no clear catalyst for the drop.<\/p>\n

The report underscores the critical nature of the $59,000 level for Bitcoin, warning that falling below this threshold could heighten market concerns and exacerbate the decline. This downturn is notable despite recent inflows into US BTC ETFs, indicating the market\u2019s susceptibility to sudden shifts in sentiment.<\/p>\n