Bitcoin plunged to $109,000 before staging a sharp rebound amid market volatility after Federal Reserve Chair Jerome Powell commented on monetary policy and the interest-rate outlook.
Bitcoin slumped to $102,000 after fresh Fed signals of prolonged tightening and mounting investor caution sparked sell-offs, denting optimism for a sustained rebound in the largest cryptocurrency.
Bitcoin’s slide below $100,000 was driven by waves of profit-taking, fresh regulatory scrutiny and shifting macro forces. What began as a brisk rally lost steam as traders stepped back, reassessing risk under tighter policy and uneven demand for crypto
Bitcoin tumbled to $106,000 amid intensified selling, yet bulls eye a strong November rebound. Traders watch on-chain metrics and macro cues for signals of a sustained recovery.
In a potential boost for the cryptocurrency sector, the US Senate is reportedly nearing a bipartisan agreement to avert a government shutdown. This could provide much-needed regulatory clarity and foster a more favorable environment for digital currencies like Bitcoin.
Bitcoin dipped below $109,000 as a systematic strategy bought 397 more BTC. Traders cite heightened volatility and algorithmic accumulation, with short-term profit-taking offset by renewed long-term buying.
Markets slid as traders turned risk-off, sending crypto and stocks lower. Bitcoin faces renewed downside pressure as analysts warn key support could be tested amid thin liquidity and rising volatility.
Government shutdown curbs Bitcoin liquidity as institutional flows stall and banking backlogs hamper fiat-on ramps, tightening spreads and boosting volatility in crypto markets.