Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut
Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cutThe profit-taking activity by long-term holders was met by new entrants' demand, reflecting a wealth shift movement.
Happy Thursday!Bitcoin's recent plunge to the $100,000 mark has sent ripples through the cryptocurrency market, following a hawkish tone from the Federal Reserve despite a 25 basis point rate cut. Jerome Powell's comments have prompted investors to reassess their positions, triggering a sell-off in risk assets. Meanwhile, the Delhi High Court has ordered a new investigation into WazirX amid allegations of financial misconduct linked to a North Korean hack, raising fresh concerns in the crypto space. In a notable shift, data from Glassnode reveals that wealth is moving from long-term Bitcoin holders to new investors, highlighting changing dynamics in market participation. Stay tuned for more insights into these pivotal developments. LATEST SLATECAST 🎙️ INTMAX’s stateless blockchain: Leona Hioki’s vision for privacy, scalability, and decentralization 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.45 trillion, with a 24-hour volume of $266.01 billion. The price of Bitcoin is $100,029.23, and BTC market dominance is 57.3%. The price of Ethereum is $3,580.86, and ETH market dominance is 12.5%. The best-performing sector is Debit Card, which gained 2%. The Crypto Fear & Greed Index is currently Greed (75). 📰 Top News
Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cutDespite the cut being priced, Jerome Powell's remarks on rate policy shook the risk asset markets. Delhi High Court orders new probe into WazirX amid Binance delistingThe Delhi High Court demanded a fresh investigation in response to allegations of financial irregularities and a North Korean-linked hack. Bitcoin sees wealth shift from long-term holders to new investors – GlassnodeThe profit-taking activity by long-term holders was met by new entrants' demand, reflecting a wealth shift movement.
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