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Bitcoin is currently trading between $96,000 and $98,000, supported by significant buying activity from over 1.16 million BTC held in wallets. Despite a recent drop below $100,000 due to a hawkish stance from the Federal Reserve, 86% of holders remain profitable, with many continuing to accumulate BTC. Analysts warn that if Bitcoin falls below $96,000, it could drop to $90,000, while a bullish target of $110,000 remains in sight.
U.S. stock index futures fell sharply amid fears of a government shutdown and shifting interest rate expectations, as Congress struggles with President Trump's spending bill. The Federal Reserve has raised its inflation forecast for 2025, contributing to market volatility.In Russia, the central bank maintained its key interest rate at 21%, surprising markets that expected a hike. This decision aims to combat inflation, currently at 9.5%, while facing criticism from business leaders who argue that high rates hinder investment in a strained economy.
The cryptocurrency market has experienced a significant downturn, with over $1 billion liquidated in 24 hours, primarily from long positions. Bitcoin fell below $100,000, Ethereum dropped to $3,284, and Dogecoin slid to $0.296, all facing critical support levels amid bearish sentiment and macro pressures. Despite the declines, Ethereum shows strong fundamentals with substantial staking activity and institutional interest.
Bitcoin experienced an 8% drop following a Federal Reserve rate cut, briefly testing liquidity levels before rebounding above $98,000. A significant transfer of 72,000 BTC by a whale, including 8,000 BTC aged 5-7 years, has sparked speculation about a market top or a shift towards altcoins. Analysts are closely watching key price levels, particularly $103,600 and $100,000, to determine Bitcoin's short-term trajectory amidst this volatility.
Dogecoin has experienced a significant decline of over 25% in the past two days, nearing critical support levels around $0.22076. Following the recent FOMC meeting, bearish sentiment in the crypto market has intensified, raising concerns about a potential drop below $0.20. Analysts suggest that if DOGE rebounds, it could target $0.40894 and $0.65557, indicating a possible 165% rally.
Ethereum prices plummeted over 20% from a peak of $4,100 earlier in the week, dropping to $3,260 amid a broader market selloff influenced by the Federal Reserve's cautious interest rate outlook. In contrast, Bitcoin fared slightly better, losing about 12% from its all-time high of $108,000, as higher rates limit liquidity in the crypto market.
Markets experienced turmoil following the Federal Reserve's indication of fewer rate cuts in 2025, strengthening the dollar and prompting global central banks to reconsider their policies. While the S&P 500 and Nasdaq fell slightly, the Dow broke a 10-day losing streak, suggesting mixed investor sentiment amid heightened volatility. The upcoming U.S. personal consumption expenditures price index is expected to significantly influence market reactions.
Dogecoin's trading volume surged over 57% to exceed $6.5 billion in the last 24 hours, coinciding with liquidations surpassing $31 million, primarily in long positions. This volatility follows a bearish sentiment triggered by Jerome Powell's speech regarding the US Federal Reserve's rate policies, impacting risk assets like Dogecoin. Analysts suggest that while the current dip may prompt selling, a recovery is anticipated, contingent on Bitcoin's performance.
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