The post Key Reasons Why Bitcoin Price Is Down? appeared first on Coinpedia Fintech News
After reaching a record high of $108,000, Bitcoin’s price has sharply declined, leaving investors questioning the reasons behind this sudden drop. While the earlier surge brought excitement to the market, several factors are now contributing to the downward trend. Meanwhile, if Bitcoin fails to break above the resistance level, it could potentially drop further to $95,000.
Fed’s Interest Rate Decision
One major reason for Bitcoin’s drop is the upcoming interest rate decision by the U.S. Federal Reserve. However, Coinpedia news reported that there’s a 96% chance that the Fed is expected to lower rates by 25 basis points, but concerns remain about how it plans to handle inflation moving forward.
With inflation rising to 2.8% in November, Fed Chair Jerome Powell’s comments on the 2025 rate outlook are under scrutiny. If the Fed cuts lower rates in 2025 than expected, it coul
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