🚀 Bitcoin Takes a Rollercoaster Ride! 🎢

In a whirlwind of market activity, Bitcoin's price plummeted to a multi-week low of under $62,000, marking its lowest point since the US Federal Reserve's interest rate cuts in mid-September. This drop comes after BTC had briefly recovered to nearly $64,000 following a dip below $63,000.

Despite the bearish pressure pushing BTC down to $61,800, the bulls stepped in, helping it recover about $1,000. Meanwhile, altcoins like ETH, SOL, and DOGE also saw significant declines.

Interestingly, this volatility follows Fed Chair Jerome Powell's announcement of anticipated rate cuts by year-end. The crypto market's turbulence has led to the liquidation of nearly 120,000 traders, amounting to $350 million in wrecked positions. 🌪️

Stay tuned, Bitcoin enthusiasts! The ride isn't over yet! 🚀