Bitcoin Price Drops Amidst Fed Chair Powell's Speech Anticipation

在聯準會主席鮑威爾的演講預期中比特幣價格下跌

The cryptocurrency market experienced a downturn on Monday, with Bitcoin losing over $3,000 in an hour, reaching $63,000. This decline occurred before US Federal Reserve Chair Jerome Powell's address in Nashville, Tennessee, where he was expected to discuss the central bank's monetary policy.

週一加密貨幣市場經歷低迷，比特幣一小時內下跌超過 3,000 美元，達到 63,000 美元。這一下跌發生在聯準會主席鮑威爾在田納西州納許維爾發表演說之前，預計他將在那裡討論央行的貨幣政策。

Bitcoin initially fell from over $66,000 to $64,200. The decline worsened to $63,250, a four-day low, before recovering slightly to $63,500.

比特幣最初從 66,000 美元以上跌至 64,200 美元。跌幅進一步惡化至 63,250 美元，創四天低點，隨後小幅回升至 63,500 美元。

Other altcoins followed suit with similar losses, with Shiba Inu and Dogecoin among the most affected. Liquidated positions reached $190 million in the past day, impacting approximately 70,000 traders.

其他山寨幣也遭受了類似的損失，其中柴犬和狗狗幣受影響最嚴重。過去一天清算部位達到 1.9 億美元，影響了約 7 萬名交易者。

Powell's speech induced uncertainty in the market. Reuters reported that he was expected to provide insights into the Fed's policy shift from August, when interest rates were cut by 0.5%.

鮑威爾的演講引發了市場的不確定性。路透社報道稱，預計他將提供有關聯準會自 8 月降息 0.5% 以來的政策轉變的見解。

Experts anticipate that Powell may hint at additional rate reductions in the upcoming FOMC meetings in 2024 and 2025. The Fed is also expected to introduce a further rate reduction on November 6-7 by either 0.25% or 0.5%.

專家預計，鮑威爾可能會在即將舉行的2024年和2025年FOMC會議上暗示進一步降息。