Bitcoin rallies thwarted by fading Fed rate cut odds, softening US macro.
Bitcoin's rally near $90,000 was hindered by diminishing chances of a Fed rate cut and softening US economic indicators. Investors turned to safer assets amid weak US jobs data and slowing economic growth. The market sentiment was impacted by these factors, leading to a sell-off in Bitcoin. This highlights the interconnectedness of traditional economic indicators and the cryptocurrency market. Traders closely monitor macroeconomic trends and central bank policies for insights into Bitcoin's price movements. The situation underscores the importance of external factors in shaping the crypto market's performance.
BTC
88,205.73
+0.12%