Why Bitcoin Could Drop Below $90,000—Even After a Fed Rate Cut
Market Intelligence Analysis
AI-PoweredBitcoin price rose 2.5% to $92,700 ahead of a Fed rate cut, but still remains down by over a third from its record high, indicating potential for further decline.
Market impact analysis based on neutral sentiment with 73% confidence.
Article Context
Bitcoin and other cryptocurrencies advanced on Wednesday ahead of a widely expected interest-rate cut from the Federal Reserve, which should boost sentiment across markets. The price of Bitcoin rose 2.5% over the past 24 hours to $92,700. Bitcoin convincingly ran back up above the key $90,000 price level on Sunday but remains down by more than a third from its record high in October.
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