Can US FOMC Hinder Bitcoin Price Rally To $100K? 🔮
The crypto market is filled with anticipation as investors await the US FOMC meeting and Fed Chair Jerome Powell's speech. The optimism has been fueled by Donald Trump's presidential victory, which some believe could impact the financial landscape positively for cryptocurrencies, particularly Bitcoin.
There is widespread speculation about a 25 basis point Federal Reserve rate cut, and many investors are betting that such developments could trigger a significant rally in Bitcoin's price, potentially pushing it up to $100,000.
Despite the positive sentiments, there are warnings from some analysts who caution that external factors and market unpredictabilities could still pose challenges to Bitcoin achieving this milestone.
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