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Fed Rate Cut Triggers Bitcoin Plunge: Crypto Market Volatility and Future Outlook
Fed Rate Cut Triggers Bitcoin Plunge: Crypto Market Volatility and Future OutlookIn the early hours of December 19th, the Federal Reserve announced a 25-basis-point cut to its benchmark interest rate, hinting at a slower pace of future cuts. This triggered a significant drop in Bitcoin (BTC) price, plunging below $99,000 to a low of $98,744, representing a near 6% decline...
Blockchain 2024-12-19 22:10:57 -
The Federal Reserve's 25-Basis-Point Rate Cut: Impact on the Dollar, RMB, Gold, and Bitcoin A Deep Dive and Future Outlook
The Federal Reserve's 25-Basis-Point Rate Cut: Impact on the Dollar, RMB, Gold, and Bitcoin A Deep Dive and Future OutlookIn the early hours of December 19th (Beijing time), the Federal Open Market Committee (FOMC) of the Federal Reserve announced a 25-basis-point cut to the federal funds rate target range, bringing it to 4.25%4...
Blockchain 2024-12-19 19:16:36 -
Federal Reserve Chairman Powell Rejects Trump's Bitcoin Reserve Plan: The Fed Lacks Authority to Hold Bitcoin
Federal Reserve Chairman Powell Rejects Trump's Bitcoin Reserve Plan: The Fed Lacks Authority to Hold BitcoinFederal Reserve Chairman Jerome Powell recently stated unequivocally that the Fed has no intention of participating in any government-led "Bitcoin hoarding" scheme, citing the central bank's lack of authority to hold Bitcoin. This statement directly addresses former President Donald Trump's previous proposal to establish a "strategic Bitcoin reserve" upon his return to office...
Blockchain 2024-12-19 15:35:31 -
Bitcoin Flash Crash: A Deep Dive into the Fed's Rate Cut, Potential Government Reserves, and Market Reaction
Bitcoin Flash Crash: A Deep Dive into the Fed's Rate Cut, Potential Government Reserves, and Market ReactionIn the early hours of December 19th, Bitcoin experienced a sharp price drop, briefly falling below $100,000 per coin. This represented the largest single-day percentage decline since August, a stark contrast to the previous day's record high of over $108,000...
Blockchain 2024-12-19 12:51:36 -
Asia-Pacific Stocks Plummet: Nikkei Down Over 1% Amidst Bitcoin Crash Following Fed Rate Cut
Asia-Pacific Stocks Plummet: Nikkei Down Over 1% Amidst Bitcoin Crash Following Fed Rate CutAsia-Pacific stock markets experienced a broad decline in the morning of December 19th, with market sentiment remaining subdued. The Nikkei 225 index at one point fell by more than 1%, while the South Korean KOSPI experienced an even steeper drop, exceeding 1...
Blockchain 2024-12-19 12:35:00 -
Bitcoin Plummets: Over 230,000 Liquidated, Fed Chair Powell Declares No Bitcoin Holdings
Bitcoin Plummets: Over 230,000 Liquidated, Fed Chair Powell Declares No Bitcoin HoldingsIn the early hours of December 19th, Bitcoin experienced a sharp drop, briefly falling below $100,000 and marking its largest single-day decline since August. This dramatic volatility sent shockwaves through the cryptocurrency market...
Blockchain 2024-12-19 11:45:21 -
Bitcoin Price Breaks $100,000 Barrier!
Bitcoin Price Breaks $100,000 Barrier!Bitcoin experienced a strong rebound today, reaching a high of $101,000 per coin, representing a 0.79% intraday gain...
Blockchain 2024-12-19 11:23:47 -
Bitcoin Plunges Below $99,000, Experiencing Over 5% Intraday Drop
Bitcoin Plunges Below $99,000, Experiencing Over 5% Intraday DropOn December 19th, Bitcoin prices suffered a sharp decline, falling below the $99,000 mark and experiencing an intraday drop exceeding 5%. This significant plunge has drawn market attention, highlighting once again the inherent risk and volatility of the cryptocurrency market...
Blockchain 2024-12-19 10:22:47 -
Bitcoin Price Soaring to $500,000? Analyzing the Possibility and Market Impact of a US National Bitcoin Reserve
Bitcoin Price Soaring to $500,000? Analyzing the Possibility and Market Impact of a US National Bitcoin ReserveMatt Hogan, Chief Investment Officer (CIO) of Bitwise, the largest US cryptocurrency fund manager, recently made a bold prediction: if the US establishes a national Bitcoin reserve, the price of Bitcoin could skyrocket to $500,000, representing a nearly 400% increase from its current price. This prediction has sparked widespread attention in the cryptocurrency market and brought the topic of a national Bitcoin reserve back into the spotlight...
Blockchain 2024-12-19 10:12:41 -
Bitcoin Nears $100,000 Milestone!
Bitcoin Nears $100,000 Milestone!On December 19th, the price of Bitcoin continued its upward surge, briefly approaching the landmark $100,000 per coin mark. At the time of writing, Bitcoin reached a new high of $100,403 per coin...
Blockchain 2024-12-19 09:02:18 -
Trump's Bitcoin Reserve Plan: The Fed's Strong Opposition and the Potential Congressional Showdown
Trump's Bitcoin Reserve Plan: The Fed's Strong Opposition and the Potential Congressional ShowdownPresident Trump's proposed creation of a US "strategic bitcoin reserve" is facing strong headwinds from the Federal Reserve. The plan has garnered significant market attention since the price of bitcoin surged above $100,000 following Trump's November 5th election victory...
Blockchain 2024-12-19 08:28:07 -
Bitcoin Plunges: Fed's Hawkish Stance Shakes Crypto Market
Bitcoin Plunges: Fed's Hawkish Stance Shakes Crypto MarketBitcoin suffered a significant setback on December 18th, plummeting over 5%its largest single-day drop in over three months. This sharp decline is part of a broader sell-off in global speculative assets, directly triggered by the Federal Reserve's more cautious signals regarding future interest rate cuts...
Blockchain 2024-12-19 08:22:39
