Bitcoin Dips Below $110K as Powell Tempers Expectations for December Rate Cut
Bitcoin price dropped to a low of $108,000 after Fed Chair Powell indicated a December rate cut is ‘not a foregone conclusion.’ The Federal Reserve cut its benchmark rate by 25 basis points, but the hawkish tone triggered $817 million in crypto liquidations. This reaction highlights crypto’s sensitivity to monetary policy, potentially delaying Bitcoin’s push toward new all-time highs. Bitcoin...
Bitcoin, Cryptocurrencies, Federal Reserve, Front page, News