Reported 2 days ago
Bitcoin hovered near $100,000 following cautious remarks from the Federal Reserve regarding interest rate cuts, which negatively affected speculative investments. The cryptocurrency experienced fluctuations, dipping to around $98,760 before briefly recovering to the six-figure mark. Analysts noted that despite a slight dip due to the Fed's stance, Bitcoin's long-term outlook remains positive, bolstered by political support for cryptocurrencies. However, concerns about market momentum and potential government shutdown risks continue to affect investor sentiment.
Source: YAHOO