#BTCNextMove
Bitcoin faces a pivotal moment, testing a key level that could change its trajectory
Bitcoin dropped more than 5% on Wednesday, pushing the largest cryptocurrency toward the closely watched $100,000 level. Bitcoin is now trading at $97,000 on Friday morning, down about 2.3% in the past 24 hours, while other major coins such as Ethereum, XRP, and Dogecoin, which are popular among crypto traders, have faced similar difficulties
Fed officials cut borrowing costs for the third time in a row, but they scaled back their expectations for the number of cuts expected in 2025. Fed Chairman Jerome Powell made clear that further rate cuts would require greater progress in tackling persistent inflation
