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bitcoin price dips below 100000 amid fed's cautious rate cut outlook

Bitcoin's price briefly dipped below $100,000 following the Federal Reserve's cautious outlook on interest rate cuts, dropping to $98,760 before recovering. Despite this volatility, the cryptocurrency remains up about 50% since the US elections, buoyed by optimism around regulatory changes. Analysts suggest that Bitcoin must surpass $105,400 to shift the current bearish sentiment, while concerns about persistent inflation continue to loom.
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Finance & Economy, Market Report
11:30 19.12.2024
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