Investing.com– Bitcoin fell marginally on Friday as a recent rally past key levels cooled, with traders remaining largely risk-averse before a Federal Reserve rate decision due next week.
The world’s biggest cryptocurrency rose sharply on Thursday after President-elect Donald Trump reiterated his pledge to make the U.S. a global crypto leader. But this bounce was short-lived, given that he did not provide any major cues on policy.
fell 0.5% to $100,340.0 by 08:57 ET (14:57 GMT).
Fed anticipation boosts dollar, pressures crypto
Focus was now squarely on the Fed’s rate decision next week, where the central bank is widely expected to .
But markets turned uncertain over the Fed’s long-term outlook on rates, especially as producer inflation data for November read higher than expected, while consumer inflation remained sticky.
The firmed on this notion,…
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