Bitcoin is going through hard times
On Thursday, December 16, at the end of the day, bitcoin fell by 2.52% to $47632. In the European session, the activity of buyers was low, as there was an increased demand for altcoins in pairs with BTC.
In the American session, the BTC/USD pair maintained a downward movement against the background of the general strengthening of the dollar after the collapse on Wednesday, as well as the fall of the Nasdaq index. The shares did not have the best day, as the sale of shares of large technology companies intensified. The Nasdaq index fell 2.5%.
I lost everything I had after the US Federal Reserve meeting.
The cryptocurrency market is going through hard times due to a combination of factors. The bitcoin exchange rate keeps moving in the price range of $45670-51950, which has formed over the past 12 days.
The main events for the stock and currency markets have passed. Investors are digesting the decisions of central banks to decide on trading tactics for the first quarter of 2022. We expect the bitcoin movement to continue in a limited range before the weekend.