Why Is Bitcoin Falling?

We’re Not supposed to Panic over Fiat Interest Rates?

Jamen Mendes
Published in
4 min readMay 1, 2024

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Art by the Author, using Leonardo.Ai

Bitcoin was down today to $59,190 amidst market panic over the pending FOMC meeting tomorrow! Can you imagine a currency that is supposed to replace fiat money actually falling because the fiat God is about to raise interest rate?

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Jamen Mendes
Coinmonks

Author, Musician, Metaphysician, and Artist. I write about Crypto, Spirituality, Consciousness, Art, and Reality. https://jamenmendes.medium.com/membership