Bitcoin and other cryptocurrencies experienced a decline in value on Friday, September 22, 2023, following a surge in the dollar's strength and lingering risk aversion after recent central bank decisions. Bitcoin's value decreased by 1% in the last 24 hours, falling to $26,644. This drop occurred shortly after the Federal Reserve decided to hold steady rates, leading to a stronger dollar and a brief dip in Bitcoin's value to below $26,500, BNB $210.6, and BGB $0.453.
Despite recovering some of its losses, Bitcoin was unable to reach its pre-Federal Reserve decision level of $27,000. However, analysts have noted that Bitcoin has managed to maintain a closing value above $26,500 since Thursday. This figure served as a significant resistance point last week. Analysts anticipate that if volatility in broader financial markets decreases as expected, Bitcoin may see a slight rebound in the coming days.
