2024-12-18 14:52
IndustryBitcoin Retreats After Hitting $108K Milestone
Bitcoin hit a record $108,315 before retreating to $104,800, pausing a rally fueled by Trump’s pro-crypto stance and anticipation of a Fed rate cut. BTC is up 55% since Trump’s Nov. 5 election win, driven by optimism around crypto-friendly U.S. policies and talk of a strategic Bitcoin reserve.
Market sentiment remains bullish, with Deribit options showing strong interest at the $120K strike. However, analysts warn of caution as BTC faces potential volatility from the Fed’s final policy meeting of 2024.
#Bitcoin #BTC #Crypto #FederalReserve
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Bitcoin Retreats After Hitting $108K Milestone
| 2024-12-18 14:52Bitcoin hit a record $108,315 before retreating to $104,800, pausing a rally fueled by Trump’s pro-crypto stance and anticipation of a Fed rate cut. BTC is up 55% since Trump’s Nov. 5 election win, driven by optimism around crypto-friendly U.S. policies and talk of a strategic Bitcoin reserve.
Market sentiment remains bullish, with Deribit options showing strong interest at the $120K strike. However, analysts warn of caution as BTC faces potential volatility from the Fed’s final policy meeting of 2024.
#Bitcoin #BTC #Crypto #FederalReserve
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