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Express News | Bloomberg: Bitcoin has seen its first weekly decline since Trump's victory, and the Options market starts to hedge downward.
The Federal Reserve's hawkish interest rate cuts have impacted the cryptocurrency market, causing Bitcoin to continue its decline. Can the 0.09 million level hold firm? Dogecoin and MEME coins have plummeted.
The price of the popular MEME coin Dogecoin has fallen to $0.31, a decrease of nearly one quarter compared to last week. Meanwhile, the Global Market Cap's largest crypto, Bitcoin, has dropped to around $0.095 million after reaching an all-time high of $0.108 million last week.
Coin Victory Group: The Federal Reserve's interest rate cut has led to a significant pullback in Bitcoin and Ethereum. Is there still a chance for a rebound in the future?
Coin Victory Group: The Federal Reserve has lowered interest rates, but Bitcoin and Ethereum have experienced a deep correction. Is there a chance for a rebound in the future?
Bitcoin has fallen below 0.1 million dollars, analysts suggest it may drop to 0.09 million dollars in the short term.
Due to the Federal Reserve's cautious stance on interest rate decreases, Bitcoin's price dropped below $0.1 million this Thursday, dragging down the performance of speculative Assets.
Currency Victory Group: The Federal Reserve's interest rate cut causes Bitcoin and Ethereum to decline, and the market must reassess the cryptocurrency market bubble.
Coin Winning Group: The Federal Reserve's interest rate cut caused Bitcoin and Ethereum to decline, and the market must reassess the crypto market bubble.
0.1 million dollars is not the end! Will Bitcoin push up to 0.2 million dollars next year?
Bitcoin has had a historic year, rising 135.7% since the beginning of 2024, successfully breaking through the $100,000 mark. However, analysts believe this is not the end, as the crypto is expected to maintain this momentum in 2025.