BTC in the spotlight: latest news

The price of Bitcoin continued to decline on Thursday, approaching a monthly low of approximately $104,000 as traders reacted to remarks from Federal Reserve Chair Powell regarding interest rate cuts.

Bitcoin has fallen further within its recent trading range as record gains in other risk assets lose momentum, reflecting a mixed outlook for global economic growth.

Bitcoin (BTC) has temporarily dropped below the $110,000 mark and is currently trading at $109,761.87 on the Binance Tether (USDT) market as of 02:41 on the 30th.

Bitcoin's price has declined following the recent interest rate cut by the Federal Reserve. Experts explain to Cryptonews that this lack of market enthusiasm indicates that bearish sentiment may be prevailing.

The Federal Reserve reduced interest rates by 0.25% and indicated that there is no assurance of an additional cut in December. As a result, Bitcoin experienced a 2% decline as markets responded to Jerome Powell's cautious remarks.

As October comes to an end, Bitcoin is trading tentatively within the $113,000 to $114,000 range, a key zone anticipated to be a battleground for both bullish and bearish traders.

The Federal Reserve is anticipated to implement a 25 basis point rate cut in its upcoming meeting, amid increasing speculation about a shift in monetary policy.

Bitcoin has performed strongly this year, and there are indications that its positive momentum may continue.

Michael Saylor predicts that Bitcoin could reach approximately $150,000 by the end of the year, attributing this potential rise to decreasing volatility in the market.

Bitcoin (BTC) remains stable around $112K, bolstered by increasing institutional inflows that indicate strong support. This trend suggests a potential rally toward $122K.

Fed Chair Jerome Powell adopted a surprisingly hawkish stance during his Wednesday press conference, indicating that the markets may be overly optimistic in anticipating a rate cut in December.

In the past year, companies have been significantly increasing their Bitcoin holdings, while governments are also adding Bitcoin to their treasury assets.

Bitcoin is currently trading at $115,542, which is nearly 1% above the important monthly open level of $114,200. Technical indicators suggest a bullish momentum following a significant correction.

Bitcoin (BTC) briefly fell below the $114,000 mark. As of 04:46 on the 29th, BTC is trading at $113,947.37 on the Binance Tether (USDT) market.

Bitcoin's price has dropped to below $113,000 in anticipation of the Federal Reserve's upcoming interest rate decision. Earlier in the day, the cryptocurrency reached a high of $116,000.

Fleet Mining is enhancing cloud-based access to blockchain computing services, allowing for greater efficiency and scalability in the utilization of blockchain technology.

Bitcoin is currently trading above $115,000, driven by increased optimism surrounding U.S.-China trade relations, which is enhancing market confidence in global assets. Crypto lender Ledn has also contributed to this positive sentiment. Traders are now awaiting the Federal Reserve's decision on interest rates, which could further influence market dynamics.

The recent recovery in the cryptocurrency market has rapidly dissipated, with significant movements from yesterday losing momentum.

Nvidia approached a $4 trillion market cap during CEO Jensen Huang's keynote speech at a tech conference, which appeared to draw investment away from the cryptocurrency market on Tuesday.

Bitcoin (BTC) has successfully converted a multi-year resistance level into strong support, a significant structural change that has historically indicated the beginning of a new bull market. Analysts are now optimistic, projecting that this shift could lead to an explosive increase in value, with targets reaching as high as $190,000.

October has been a rollercoaster month for Bitcoin traders and investors, who are hoping for the traditional "Uptober" gains. Historically, October has shown positive performance for Bitcoin, but this year’s volatility raises questions about whether BTC will finish the month in the green.

Bitcoin (BTC) is experiencing a surge in bullish momentum as traders anticipate a possible rise to the $120,000 mark after a significant breakout above crucial resistance levels.

American Bitcoin, a publicly traded company co-founded by Eric Trump, announced on Monday that it has purchased 1,414 Bitcoin (BTC) valued at around $163 million.

Bitcoin's recent 10% rally from its October 17 low of $103,500 has hit a plateau at $115,000, as demand decreases and on-chain activity remains low.

S&P Global Ratings has assigned a junk-level 'B-' credit rating to Strategy (NASDAQ:MSTR), marking a first for a company holding a bitcoin treasury. Co-founder Michael Saylor highlighted the significance of this rating.