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Bitcoin exceeds $ 100,000 prior to the FOMC conference. The fear of Hawkish comment from Powell Fuel Countion in Fed.
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Bitcoin has a strong mark of $ 100,000 because the trader is bracing tomorrow’s federal public market committee (FOMC) meeting.
After 3 % of Tuesday afternoon, the token recovers and reflects the cautious optimism of investors prior to the remarks of major policy.
The Federal Reserve is expected to stabilize interest rates at 4.25 % -4.5 %, and the CME Fedwatch tool has a 97.3 % chance of changing.
The market is cautious about the potential comments of Hawkish from Fed Chair, who can put pressure on bitcoin and other risk assets.
Crypto Market experienced a turbulence earlier this week, decreasing 8 % on Monday morning following news about DeepSeek. This is a Chinese AI model that demonstrates the same performance as Openai’s GPT-4O at low cost.
The announcement caused a wider market sale, the global market value was $ 1 trillion, and NVIDIA’s shares decreased by more than 20 % before recovering.
Bitcoin fell to $ 98,000 on Monday and climbed $ 104,000 early on Tuesday. Digital assets were slightly higher than $ 100,000 during pressing.
Crypto analyst Jelle commented on the overall performance of Crypto Market and emphasized long -term strength despite short -term volatility.
“The higher the higher time charts look good. Tomorrow, the first of the new Trump administration tomorrow. Until then, you need to be unstable. Probably wise to leave the volatility away from the LTF chart. Don’t shake, “Jere said.
Traders monitor Powell’s future remarks for insights, which could affect the trajectory of bitcoin and wider market emotions.
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