Coin-Turk 3 minutes ago
8
The founders of the crypto analysis platform Glassnode, Jan Happel and Yann Allemann, assert that the Federal Reserve’s strict policies have led to a decline in Bitcoin 
$95,893 prices, yet they foresee a potential recovery for BTC. They communicated to their followers on social media platform X that the Fed’s anticipated fewer interest rate cuts next year have contributed to Bitcoin’s dip below $100,000.
Fed Policies and Bitcoin Prices
The founders noted that the net position change metric, which tracks the 30-day supply held on crypto exchanges, continues to signal positive trends. This metric indicates that the decreasing amount of Bitcoin on exchanges is having a favorable effect on the market.
Happel and Allemann commented that Fed Chair Jerome Powell’s stern tone caused Bitcoin to drop below $100,000, but they believe Bitcoin could swiftly rebound to this threshold. They also mentioned that the withdrawal rates of Bitcoin from exchanges have reached yearly highs a…
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals
Design By New Web | ScriptNet
