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Gate Square New & Returning Creator Rewards are ongoing!
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The plunge has begun! When will Bitcoin fall below “8”?
Last Sunday, both Bitcoin and ETH dropped to the previously mentioned second target level, then rebounded. After the rebound, Bitcoin still dropped with increased volume to a new low!
Early this morning, after the Federal Reserve's interest rate decision, Bitcoin led the entire market to start declining. Now it is accelerating downward. In the previous 8 rate decisions for 2025, the crypto market saw 7 declines and 1 rise, because current interest rates are too high (still at 3.5-3.75%). Unless the Federal Reserve gives a clear easing signal, “no good news is bad news.”