Cryptocurrency analyst predicts that bitcoin will update its historical low

Cryptocurrency analyst Rekt Capital has shared his opinion on the future of the flagship cryptocurrency — bitcoin may set a new anti-record in the near future, the expert told his Twitter followers.

According to Rekt Capital, bitcoin has every chance of falling below $ 15,000, which will significantly affect the state of the entire cryptocurrency market. At the time of writing, BTC is trading at $ 19,298, up 4.74% over the past 24 hours.

Like most cryptocurrency analysts, Rekt Capital attributed the drop in bitcoin’s value to the upcoming Federal Reserve meeting, where they plan to announce a 75 basis point (0.75%) rate hike. The Fed promotes a tough policy and this cannot but affect both the traditional stock market and the cryptocurrency market.

It is worth noting that the exchange rate of the main cryptocurrencies showed a slight recovery after yesterday’s global decline. Over the past 24 hours, the total capitalization of the cryptocurrency market has increased by 2.69% to over $ 975 billion. Yesterday, September 19, was the worst day for the crypto market in the last 2 years: bitcoin fell below $ 19,000, and ethereum dropped to $ 1300.