BTC Falls Below $45K Amid Regulatory and Economic Fears, El Salvador Buys the Dip By DailyCoin – Investing.com

BTC Falls Below $45K Amid Regulatory and Economic Fears, El Salvador Buys the Dip By DailyCoin – Investing.com

BTC Falls Below $45K Amid Regulatory and Economic Fears, El Salvador Buys the Dip

The price per dropped below $45 thousand per coin, prior to the opening of the U.S. financial market this week. There are a few possible reasons for the crypto decline including this week’s upcoming two-day Federal Reserve meeting where it’s expected that the Fed will talk about slowing its liquidity policy, calls for more crypto regulation, and a possible U.S. tax hike to pay for trillions in proposed social programs from Democrats in power.

Another contributing factor could have been the fact that last Friday represented a “triple-witching” day. That’s where options – contracts to buy or sell assets on a future day at a certain price – expired across three different asset types: stocks, stock indexes, and stock index futures. Friday’s expiry date involved trillions in traded assets under contract.

Lastly, global financial markets are responding negatively to news out of China that the world’s largest real estate asset manager – China Evergrande Group – could default on loan payments this week following new laws in that country restricting the size of real estate holdings. Evergrande stock dropped 10% in Monday morning trading for a 85% total