$BTC $BONK $SOL

🔥🔥🔥 Bitcoin price continuesly downtrend Why? 🚨🚨🚨🚨🚨🚨

📌 Why Bitcoin (BTC) is experiencing a downtrend:

Fear of inflation worldwide: The fear of inflation worldwide is contributing to the current downturn in Bitcoin prices.

Federal Reserve's interest rate decision: The Federal Reserve's decision on interest rates is also impacting Bitcoin prices.

U.S. SEC approves spot ethereum: 🇺🇲

ETFs: The approval of spot ethereum ETFs by the U.S. SEC has led to a decrease in Bitcoin prices.

Spot Bitcoin ETFs: The hype around Spot Bitcoin ETFs is cooling down, leading to a decrease in Bitcoin prices.

Post-Russia-Ukraine war effects: The ongoing effects of the Russia-Ukraine war are also contributing to the current downturn in Bitcoin prices.

• Instability in the U.S. banking system: The instability in the U.S. banking system is another factor impacting Bitcoin prices.

• Economic indicators: Economic

indicators present a mixed bag, with the FOMC's recent stance suggesting a cautious approach towards rate hikes, and persistently high inflation adding a layer of uncertainty.

. Regulatory exploration: The Securities and Exchange Commission's renewed vigor against significant players in the crypto world like Consensys is also contributing to the current downturn in Bitcoin prices.

#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #BinanceTurns7 #btcdown