Bitcoin Moves Toward $28,000 As World’s Largest Crypto Extends Losses

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Bitcoin Moves Toward $28,000 As World’s Largest Crypto Extends Losses
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Bitcoin Moves Toward $28,000 As World’s Largest Crypto Extends Losses via ForbesCrypto

Bitcoin prices dropped today, flirting with the $28,000 price level after building upon their recent losses.

When explaining this latest activity, analyst Tim Enneking emphasized the key role played by the Federal Open Market Committee , which has increased its benchmark federal funds rate by 475 points since March 2022.

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