CoinVoice recently learned that this week, the Federal Reserve finally confirmed the long-anticipated 'pivot' in the market, and the central bank's statement and updates to economic forecasts had a huge impact on the market. Market participants currently expect the Federal Reserve to cut interest rates by about 40 basis points by December 2025, and U.S. Treasury yields have risen in response. Earlier this week, Bitcoin fell from its historical peak, and on Friday, during the European session, Bitcoin continued its downward trend, briefly approaching $95,000. Earlier, Bitcoin had just set a new all-time high of over $108,000, and the impact of this round of decline in the cryptocurrency market has been greater on altcoins such as Ethereum and Dogecoin.
Additionally, the U.S. exchange-traded fund (ETF) for direct investment in Bitcoin also ended a consecutive 15-day inflow this week, recording an outflow of $680 million, highlighting the shift in market sentiment. [Original link]
