Bitcoin's Wild Ride: Fed's Impact & Japan's Looming Risk
Update: 2025-12-10
Description
Bitcoins price fluctuated this week, particularly after the Federal Reserves interest rate announcement. Traders were anxious, anticipating unpredictable movements. Bitcoin initially surged to $94,650 but then retreated, trading around $92,000. Analysts like Michael van de Poppe and Daan Crypto Trades suggested these price swings were strategic, aiming to mislead traders before the genuine trend emerged. The Feds decision to cut interest rates by a quarter of a percent was largely anticipated, but the tone of Fed Chair Jerome Powells comments was the focus. Traders are now awaiting the Bank of Japans meeting on December nineteenth, which could reintroduce volatility related to the yen carry trade, impacting crypto markets.
DNN | The Daily News Now!
The world’s first global local news network.
Every city. Every story. AI powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
