Bitcoin Falls Under High Selling Pressure, What Will Shoot Its Price?

Bitcoin and other major altcoins have displayed a correlation between macroeconomic factors and virtual currencies. After the August CPI data release, almost all the crypto assets started dropping. The report data showed a higher inflation rate, increasing fear and crashing the prices of cryptocurrencies.
The FOMC meeting was scheduled to hold previously. But ahead of the meeting, Bitcoin had been subjected to extreme selling pressure. Investors seem to be afraid of what the outcome of the meeti