Bitcoin Hits a New ATH $106K as Fed Rate Cut Speculation Builds

Quick Summary:

Bitcoin (BTC) soared to a new all-time high of $106,488.25 in early Asian hours before settling near $104,500.

The surge came amid increased investor confidence but was tempered by caution surrounding the upcoming U.S.

Federal Reserve (Fed) rate cut decision.  Bitcoin currently trades at $104,649, up 2.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: Investing Analysis Editors News FED BTC Whales Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 06:16:31 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24430922

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 25 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

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News Language: English

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Publisher ID: #125

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