Following the disappointing US data release today, there was a growing anticipation of a decrease in the price of BTC. The data, which contradicted the Federal Reserve’s outlook of a potential 50 basis point rate cut this year, gave sellers more confidence. In response to the data, Capo remarked, “Keep in mind, buying the dips is the way to go until there is evidence to the contrary.” This was particularly relevant as altcoins saw significant drops of nearly 20%, revealing a clear bottom spike. Stay updated on the latest technology news by accessing NEWSLINKER.
