Bitcoin drops 3% to $112,600 while Fed stays cautious - here's what traders are missing
Key Points
- Bitcoin's price dipped to $112,600 as Fed caution and geopol...
Bitcoin hit $112,600 this week, down 3%, proving once again that even digital gold gets nervous when Jerome Powell clears his throat. The crypto king is caught between Fed caution and global tensions, creating the kind of market conditions that make day traders reach for their stress balls.
The Fed's Game of Financial Red Light, Green Light
Powell's recent comments have institutional investors playing the world's most expensive game of freeze tag. The Fed Chair emphasized balancing inflation risks with job market softening, which in Fed-speak translates to "we're not cutting rates anytim...
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