$BTC
Federal Reserve Cautiously Hints!
Bitcoin Plummets!
Latest News! The Federal Reserve has recently hinted at a cautious stance regarding future interest rate cuts, triggering a general retreat in speculative investments.
Bitcoin has been affected, recording its largest drop since September, approaching the critical level of $100,000.
IG Australia analyst Tony Sycamore points out that the results of the Federal Reserve meeting should not surprise investors concerned about rising inflation and activity data, but have become a catalyst for the excessive speculation of risk assets.
Since the election on November 5, the price of Bitcoin has risen by 50%, previously reaching an all-time high of $108,316.
Pantera Capital Executive Partner Paul Veradittakit believes that the outlook for Bitcoin remains positive, despite some traders taking profits due to disappointment from the Federal Reserve meeting. However, overall market confidence in Bitcoin has not fundamentally shaken. In the midst of price fluctuations, investors should remain rational, pay attention to market dynamics, and make informed decisions.
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