🚨A trader predicts a drop in BTC price while maintaining the $100K level💸
🗣 Bearish rumors about BTC price have resurfaced after the Federal Reserve soured the environment for Bitcoin and risk assets.
☝️The Federal Reserve halts Bitcoin's bull market
Data from Cointelegraph Markets Pro and TradingView showed a 2% gain in BTC price compared to the daily opening.
The day before, bitcoin had joined a liquidation of crypto assets and risk assets at the hands of the U.S. Federal Reserve, during which the BTC/USD pair fell to a low of USD 98,695 on Bitstamp.
📈 The blow came from Fed Chair Jerome Powell, who expressed hesitance about future interest rate cuts amid a rise in several inflation indicators.
"With today's action, we have lowered our policy rate by a full percentage point from its peak, and our policy stance is now significantly less restrictive," he said in a prepared statement at the press conference that followed the decision to cut the benchmark interest rate by 0.25%.
