Investing.com– Bitcoin slid on Monday and traded in a narrow range after clocking steep losses last week, as traders remained cautious amid macroeconomic pressures induced by hawkish comments from the Federal Reserve.
fell around 2% to $95,278.0 by 08:46 ET (13:46 GMT).
It fell below the $100,000 mark on Thursday after the Fed officials signaled a slower pace for future cuts. The world’s largest cryptocurrency has fallen for five out of the last six days.
Fed’s hawkish shift drags Bitcoin from record highs
The Federal Reserve signaled a more hawkish stance, indicating only two interest rate cuts for the upcoming year, compared to prior expectations of two cuts.
This shift has led investors to reassess their positions in speculative assets like Bitcoin, contributing to its price decline.
Meanwhile, incoming U.S. President Donald Trump congratulated…
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