After the Federal Reserve ended its 15-month interest rate hike, Bitcoin suddenly suffered a drop, falling below $25,000 for the first time in three months, with the lowest drop to $24,819.However, Bitcoin then regained its lost ground and once again stabilized at the $25,000 mark.In the past week, Bitcoin has been between $26,000 and $27,000, as the market is paying close attention to the US SEC's enforcement actions against crypto giants such as Binance and Coinbase.eToro analyst Josh Gilbert said that Powell has made it clear that the pause in rate hikes is only temporary, so in the long run, risk assets, including Bitcoin, have more trouble.“We can see that most of the positive sentiment in risk assets, including Bitcoin, is based on falling inflation and peaking interest rates,” he said.He noted that “inflation is heading in the right direction, but Powell’s comments that interest rates may remain high for a long time put Bitcoin at a disadvantage.”Under the leadership of Bitcoin, Ethereum also fell by 5% at one point, and the price of the currency dropped to $1,631.
