The latest Bitcoin dilemma, which began on September 13 when the US Federal Reserve announced the CPI report, has left retail investors in a disadvantaged position.
The recent announcement that the Fed interest rate has been raised by 75 basis points has also impacted the market. Instability in the broader financial environment reverberated through the cryptocurrency market.
The news caused BTC to drop below the critical $20,000 mark. Despite the fact that regular investors are trying to get out of Bitcoin due to fear, fresh analysis shows that major institutions are still investing heavily in Bitcoin.
As of this writing, BTC is trading at $20,215, up 5.6 percent in the last seven days, data from Coingecko
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