Reported 1 day ago
Bitcoin's price surge to over $115,000 resulted in over $354 million in liquidations, affecting leveraged traders significantly. As expectant investors prepare for a Federal Reserve meeting, most economists predict a 25 basis-point rate cut next week. Despite some bullish indicators, many are flashing bearish, hinting at potential fragility in Bitcoin's short-term outlook. However, if the Fed adopts a dovish approach, it could bolster liquidity and potentially support further gains in risk assets like Bitcoin.
Source: YAHOO