2024-12-19 16:00
IndustryBitcoin Tests $100K as Fed Signals Slower Rate Cut
Bitcoin briefly dipped to $98,760 before reclaiming $100K after the Fed's cautious outlook on 2025 rate cuts sparked a market-wide selloff. BTC, up 50% since Trump’s Nov. 5 win, faced profit-taking as speculative excesses unwound.
Fed Chair Powell’s remarks lifted the USD, pressuring global risk assets, including crypto. Despite the dip, analysts see a “good floor” for Bitcoin, with Trump’s pro-crypto agenda supporting long-term sentiment. Traders now eye the $90K zone as a key support level.
#Bitcoin #BTC #Crypto #FOMC
Like 0
Gamma Squeezer
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
Bitcoin Tests $100K as Fed Signals Slower Rate Cut
| 2024-12-19 16:00Bitcoin briefly dipped to $98,760 before reclaiming $100K after the Fed's cautious outlook on 2025 rate cuts sparked a market-wide selloff. BTC, up 50% since Trump’s Nov. 5 win, faced profit-taking as speculative excesses unwound.
Fed Chair Powell’s remarks lifted the USD, pressuring global risk assets, including crypto. Despite the dip, analysts see a “good floor” for Bitcoin, with Trump’s pro-crypto agenda supporting long-term sentiment. Traders now eye the $90K zone as a key support level.
#Bitcoin #BTC #Crypto #FOMC
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.