A divided Federal Reserve approved a 0.25% rate cut, but concerns over inflation and growth, as well as Glassnode data highlighting BTC’s “fragile range,” may keep it under $100,000.
Bitcoin is attempting a recovery, but the short-term trend depends on the Federal Reserve’s upcoming interest rate decision. Meanwhile, ETH leads the altcoin recovery.
Bitcoin’s reaction to FOMC decisions often conflicts with traders’ predictions. Will today’s Federal Reserve interest rate outcome lead to a rally or sell-off?