Bitcoin falls below USD $67,000 and main altcoins register losses this June 13 – DiarioBitcoin

The main digital currency has been declining for much of the edition, and with it the most reputable altcoins on the market.

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• Bitcoin is below USD $67,000
• The drop coincides with a 25% rebound in trading volume
• Since the announcement of the FED yesterday, the digital currency is going down
• Main altcoins register falls between 3% and 7%
  

Bitcoin touched USD $70,000 this June 13

We open our price report for this June 13th reviewing the evolution seen in the price of Bitcoin (BTC), digital currency that is going down today and is trading at about USD $66,839 per unit, a figure that represents a drop of 4.1% in the last 24 hours.

According to data published in our section CryptoMarketsBitcoin It has been mainly downward throughout the day, this after being above USD $69,000 yesterday at this time. The lowest point took place around 12:20pm (New York time), when the main digital currency reached a minimum of USD $66,391 per unit, and then recovered slightly and approached the USD $67,000 mark.

Hand in hand with the drop seen during the day, we also have that the volume of commercial operations through the main exchanges increased more than 25% compared to yesterday. This implies that in the last 24 hours more than USD $36,020 million in purchase/sale transactions have been moved, driving down the price of Bitcoin especially during this June 13.

FED kept rates unchanged

It could be said that the fall in prices of Bitcoin coincides with the announcement made yesterday by members of the US Federal Reserve (FED)which indicated that they would not apply changes to bank interest rates, which remain for the seventh consecutive period in a target range of 5.25% – 5.5%.

As has been commented on other occasions, the FED considers that although there has been a reduction in inflation levels, they are not yet in a range below which they are considered to be moving towards the established objective, which is set at 2% as a goal.

In this regard, in the minutes of the meeting of the Federal Open Markets Committee (FOMC) of the FEDit reads:

In considering any adjustment to the target range for the federal funds rate, the Committee will carefully evaluate incoming data, evolving outlooks, and the balance of risks. The Committee does not expect it to be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably towards 2 percent.

Although the market was already expecting this measure from the FED, The possibility that rates would begin to fall from this meeting was on the table, taking into account that the European Central Bankas well as those of Canada, Sweden and Switzerland began to reduce this indicator.

Major altcoins down

Returning to the crypto market, as usually happens in these cases, just as Bitcoin went down, so did the main digital currencies in the sector.

Therefore, at this time, currencies like ETH, BNB, SOL, DOGE, ADA, SHIB, AVAX, DOT, LINK, NEAR, MATIC and many others are going down with falls between 3% and 7% at this time.

Article by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

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