$BTC ,BTC price forecast For tomorrow, Thursday 12-12-2024 | Ranova on Binance Square

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Bullish

$BTC ,BTC price forecast
For tomorrow, Thursday 12-12-2024
Weekly low 102055.85 $US
Weekly high 103824.44 $US
Weekly average 102940.15 $US

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

98,030.3

+0.36%

555

0

Replies 0

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#BTCOutlook outlook 20 Dec 2024 Bitcoin drops 4.6% following Fed rate decision and outlook Despite being anticipated, the market reacted negatively due to Fed Chair Jerome Powell’s comments suggesting fewer rate cuts than expected in 2025 and an increased inflation forecast of 2.5% for the same year. Bitcoin and the broader crypto market experienced a sell-off following the Federal Reserve’s announcement of a 25 basis point rate cut to its benchmark policy rate. While the rate cut was anticipated by many traders, the market reacted negatively to Fed chair Jerome Powell’s indication that fewer rate cuts than initially expected could take place in 2025. Following the announcement, Bitcoin’s price dropped by 4.6%, falling to $101,300, and Ether saw a 5.96% decline, dropping to $3,600.

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