As Santiment reports on 'Buy the Dip' tendencies on the cryptocurrency market, some experts are worried about the fate of Bitcoin in the long term
As the FED announced the rate hike, both financial and cryptocurrency traders started moving their funds away from risky assets, leaving them in fiat currencies or safer investment options like bonds.may in fact lose some part of their capitalization, especially with the tightening of monetary policy in the U.S.
At press time, Bitcoin trades at $40,804 after losing 14% since the local high reached at the beginning of April.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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