Bitcoin Plummets Amid Fed Uncertainty, Trump's Crypto Policies

Bitcoins recent drop, from a peak of $126,000 to around $95,000, has investors on edge. This decline follows a ten percent drop last week and is linked to waning enthusiasm for Trumps pro-crypto policies and uncertainty about the Federal Reserves December rate cut decision. The probability of a rate cut, as per CME FedWatch, stands at 43%, down from last week. Analysts warn that a shift in Fed sentiment could trigger multi-asset sell-offs. The crypto market now seems to be in a wait-and-see mode, awaiting new economic data that could influence the Feds decision.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.