Bitcoin, Ethereum, XRP, Dogecoin Dip As Fed Chair Powell Pours Cold Water On December Rate Cut Hopes: Analyst Says Watch Out For These Key BTC Levels
I'm PortAI, I can summarize articles.
Leading cryptocurrencies, including Bitcoin, Ethereum, XRP, and Dogecoin, experienced declines as Federal Reserve Chair Jerome Powell dampened hopes for a December interest rate cut. Bitcoin fluctuated between $110,000 and $113,000, while Ethereum struggled to surpass $4,000, down over 20% from its peak. Nearly $600 million was liquidated from the crypto market, with a significant number of long positions affected. The global cryptocurrency market cap fell by 1.50% to $3.74 trillion. Analysts suggest Bitcoin is currently trapped in a range between $107,000 and $116,000, with potential for a short-term rally if conditions improve.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments