Can US FOMC Hinder Bitcoin Price Rally To $100K?

Quick Summary:

The crypto market now eagerly awaits the US FOMC and Fed Chair Jerome Powell’s speech as optimism soars after Donald Trump’s presidential win.

The investors are betting towards a 25 bps Fed rate cut later today, with many anticipating these developments to send Bitcoin price to $100K soon.

In addition, the anticipation over Bitcoin Strategic Reserve in the US has sparked market optimism.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Jerome powell 24/7 Cryptocurrency News Bitcoin News Bitcoin (BTC) Price FOMC Meeting Fed rate cut

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 11:08:17 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 54 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23460557

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

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News Last Updated: 8 hours ago

Coverage Areas: India

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