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Bitcoin Unwind Deepens - Key Level Approaching
Bitcoin prices are seeing fresh selling pressure today as the leading digital asset extends its recent move lower. BTC futures have fallen around 14% from the June highs with last week marking BTC’s second-worst week of 2024 so far. The shift lower in BTC comes amidst falling Fed easing expectations. The bank had previously been expected to cut rates at least three times this year, starting with a cut this month. However, the Fed recently slashed projected cuts down to 1, expected to start later in the year. Market pricing has recently shifted away from expecting a cut in September to a later cut in November. The ... (full story)
