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Bitcoin Slips Below $101,100 Amid Rate Concerns.
Dec 14, 2024 at 06:02
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Member Since Dec 14, 2024
23 posts
Dec 14, 2024 at 06:02
INTRODUCTION
Bitcoin (BTC) prices face renewed pressure, slipping below the critical $101,100 level as market sentiment remains cautious ahead of the Federal Reserve’s rate decision. After a strong rally earlier in the week, the momentum has stalled, reflecting growing uncertainty about the Fed’s policy direction.
Bitcoin’s decline follows President-elect Donald Trump’s reaffirmation of his goal to position the U.S. as a global leader in cryptocurrency, which had briefly boosted prices. However, the lack of concrete policy details left investors wary, with the focus shifting back to the Fed’s anticipated 25 basis point rate cut. The broader cryptocurrency market mirrored Bitcoin’s performance, with most major altcoins also retracing gains.
Bitcoin (BTC) prices face renewed pressure, slipping below the critical $101,100 level as market sentiment remains cautious ahead of the Federal Reserve’s rate decision. After a strong rally earlier in the week, the momentum has stalled, reflecting growing uncertainty about the Fed’s policy direction.
Bitcoin’s decline follows President-elect Donald Trump’s reaffirmation of his goal to position the U.S. as a global leader in cryptocurrency, which had briefly boosted prices. However, the lack of concrete policy details left investors wary, with the focus shifting back to the Fed’s anticipated 25 basis point rate cut. The broader cryptocurrency market mirrored Bitcoin’s performance, with most major altcoins also retracing gains.
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Member Since Oct 21, 2024
61 posts
Dec 16, 2024 at 08:55
capitalstreet009 posted:
INTRODUCTION
Bitcoin (BTC) prices face renewed pressure, slipping below the critical $101,100 level as market sentiment remains cautious ahead of the Federal Reserve’s rate decision. After a strong rally earlier in the week, the momentum has stalled, reflecting growing uncertainty about the Fed’s policy direction.
Bitcoin’s decline follows President-elect Donald Trump’s reaffirmation of his goal to position the U.S. as a global leader in cryptocurrency, which had briefly boosted prices. However, the lack of concrete policy details left investors wary, with the focus shifting back to the Fed’s anticipated 25 basis point rate cut. The broader cryptocurrency market mirrored Bitcoin’s performance, with most major altcoins also retracing gains.
Fluctuating turn of events with BTC at $104,100. The Fed's decision definitely adds some suspense. Do you think Trump’s pro-crypto stance will have a lasting impact, or will the market stay focused on the Fed for now?
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