tldr; Bitcoin’s price dropped below $108,000 following the Federal Reserve’s 0.25% rate cut and hawkish comments from Jerome Powell, which spooked markets. Traders had anticipated a more dovish stance, leading to a ‚buy the rumor, sell the news‘ scenario. On-chain data showed increased exchange inflows and normalized funding rates, suggesting a potential rebound. Analysts noted key support levels between $109,600-$108,000 and resistance near $112,300-$116,000, with volatility expected to persist amid macroeconomic uncertainty.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
luckyknight216 on
„Crashes“
**Peeks**: BTC 113K –> 108K
Me: „Ok Grandpa, time for bed.“
TemporaryCitron9271 on
Yes price drop when then cut when they do opposite when they do nothing. That crypto analyst are mad
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Everything is priced in…
When did this „buy the rumor“ stuff happen?
„crashes“ feels a bit dramatic 😅
tldr; Bitcoin’s price dropped below $108,000 following the Federal Reserve’s 0.25% rate cut and hawkish comments from Jerome Powell, which spooked markets. Traders had anticipated a more dovish stance, leading to a ‚buy the rumor, sell the news‘ scenario. On-chain data showed increased exchange inflows and normalized funding rates, suggesting a potential rebound. Analysts noted key support levels between $109,600-$108,000 and resistance near $112,300-$116,000, with volatility expected to persist amid macroeconomic uncertainty.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
„Crashes“
**Peeks**: BTC 113K –> 108K
Me: „Ok Grandpa, time for bed.“
Yes price drop when then cut when they do opposite when they do nothing. That crypto analyst are mad