Bitcoin (BTC) recovers slightly, trading around $102,000 on Thursday after dropping 5.5% the previous day.
Bitcoin price today: $102,000 Bitcoin price recovers slightly, trading around $102,000 on Thursday after dropping 5.5% due to the Fed ’s hawkish rate-cut decision the previous day. Whales, corporations, and institutional investors bought BTC’s recent dips. Traders should remain cautious as the Bitcoin NPL metric shows signs of profit-taking. Bitcoin recovers slightly, trading around $102,000 on Thursday after dropping 5.5% the previous day.
Fed Chair Jerome Powell says we're not allowed to own #Bitcoin pic.twitter.com/SQnNfqnTni — Bitcoin Magazine December 18, 2024 “Fed policy indirectly impacts the cryptocurrency market,” said Ruslan Lekha, Chief of Markets at YouHodler, a Swiss-based Web3 platform, told FXStreet. Lekha explained that cryptocurrencies have become increasingly integrated into traditional finance due to the growing correlation between crypto and traditional financial instruments.
Cryptocurrencies Technical Analysis Fed Interestrate
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Price Forecast: BTC recovers, yet run toward $100K faces resistanceBitcoin (BTC) recovers slightly, trading above $96,000 on Wednesday, after its recent dip on Tuesday due to the political strife in South Korea.
Read more »
Bitcoin Price Forecast: Will BTC continue its ongoing pullback?Bitcoin (BTC) continues to trade in the red, dropping below $93,000 on Tuesday after declining almost 5% the previous day.
Read more »
Bitcoin Price Forecast: Will BTC have a pump or ‘Thanksgiving Massacre’?Bitcoin (BTC) price declines and falls below the $95,000 level on Thursday.
Read more »
Bitcoin Price Forecast: Will BTC reach the $100K mark soon?Bitcoin (BTC) price extends bullish momentum and reaches a new all-time high of $97,852 on Thursday, currently trading above $97,400, just 2.66% from the $100K mark.
Read more »
Bitcoin Price Forecast: BTC hits new all-time high, towards $100K or cycle top?Bitcoin (BTC) surged to a new high of $94,750 on Wednesday, buoyed by Grayscale’s launch of Bitcoin ETF options following BlackRock’s record-breaking debut on Tuesday.
Read more »
Bitcoin Price Forecast: BTC whales and institutional demand remains strongBitcoin (BTC) recovers from its weekend drop and trades higher above the $98,000 level on Monday after rallying almost 9% and hitting a new all-time high (ATH) of $99,588 last week.
Read more »