Investing.com– Bitcoin fell notably on Friday, marking its third consecutive day of declines as macroeconomic pressures induced by the Federal Reserve’s hawkish stance and recent profit-taking amid record highs sparked an extended pullback.
fell 6% to $95,699.0 by 08:47 ET (14:47 GMT).
It fell below the $100,000 mark on Thursday after the Fed officials signaled a slower pace of rate cuts in 2025, with broader cryptocurrency markets also falling sharply.
Bitcoin sees further profit-taking after Fed meeting
The world’s largest cryptocurrency hit an all-time high of $108,244.9 on Tuesday, after which prices tumbled on profit-taking and an uncertain macroeconomic outlook.
This sell-off further intensified after the Fed forecast just two more interest rate cuts in 2025, against previous expectations of four.
The central bank’s hawkish stance weighed…
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