CoinVoice has learned that this week, the Federal Reserve finally confirmed the long-anticipated 'pivot' in the market. The central bank's statement and update on economic forecasts this week had a significant impact on the market. Market participants now expect the Fed to cut interest rates by about 40 basis points by December 2025, leading to a rise in U.S. Treasury yields. Earlier this week, Bitcoin fell from its historical high, and on Friday during the European session, Bitcoin continued its downward trend, approaching $95,000 at one point. Earlier, Bitcoin had just set a new all-time high of over $108,000, and this round of decline in the crypto market has had a greater impact on altcoins like Ethereum and Dogecoin.
In addition, the U.S. exchange-traded fund (ETF) that directly invests in Bitcoin also ended a 15-day streak of inflows this week, recording an outflow of $680 million, highlighting the shift in market sentiment. [Original link]
