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BTC Struggles Under $100K as Fed Rate Cuts Fail to Spark Rally
The price of the leading crypto asset, Bitcoin ($BTC), is struggling below the $100K mark. Particularly, this downturn, despite the recent interest rate cuts by the U.S. Fed, indicates unusual behavior in the market. As per the data from IT Tech, a renowned crypto analyst, Bitcoin (BTC) is facing noteworthy selling pressure coming from the long-term holders. The respective trend rarely occurs during this phase of a crypto market cycle. tweet As the market data reveals, irrespective of the monetary easing after the Fed’s recent rate cuts, Bitcoin is still below $100K. This scenario reportedly highlights several ... (full story)
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