2024-12-19 16:00
IndustriBitcoin 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
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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
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