Bitcoin, which rose above $70,000 on Monday, fell sharply after the Fed decision. Bitcoin, which was around $66,000 before the Fed decision, fell slightly as Powell started to speak and dropped to $65,000. Although there was no negative message from Powell, the level of decline increased during the night hours and the price dropped to $63,500.

Of course, the decline of Bitcoin also negatively affected altcoins. The value of the market known as TOTAL3, followed by altcoin investors, fell to $600 billion.

Increasing tension in the Middle East

It is stated that the increasing tension in the Middle East may be behind the decline. While the assassination of Hamas leader Haniyeh in a bomb attack in Iran’s capital Tehran was on the world agenda, Iran issued harsh warnings to Israel. Experts are worried that the tension may spread to other countries.

As it will be remembered, the tension between Israel and Iran increased in April and the two countries attacked each other with drone attacks.

While risky assets fell in the war environment, the rise in gold attracted attention. Gold rose 3.5% in the last 5 days.

Mt. Gox sent another $2 billion

With all these, yesterday Mt. It does not go unnoticed that the Gox exchange also sent more than $2 billion worth of Bitcoin to an unknown address and shared a statement that a payment was made on July 31 at night.

Mt. It is stated that the last address to which Gox transferred belongs to the BitGo company, but this is still not finalised.

Mt. Gox still holds more than 30 thousand BTC. The sales made by customers as a result of these distributions may also have an impact on the price drop.