Amid rising fears that the Fed won’t cut interest rates this year, financial markets turned red early Monday—and Bitcoin briefly fell below $90,000 for the first time in two months.
Now trading for above $92,000, the top coin is down more than 9% over the last week, and 15% since hitting an all-time high above $108,000 in December. Other top coins have fallen harder than Bitcoin on the day, with Ethereum plunging 7% and Solana down 6%.
Is this just a blip in the radar, or are the bullish vibes fading for good? Coinbase’s Head of Institutional Research David Duong told Decrypt that his team is “still cautiously optimistic” about Bitcoin’s performance this quarter, but admitted that “the path is unlikely to be a smooth one.”
Bitcoin Dips Below $90,000 as Fed Rate Cut Doubts Grow
The price of Bitcoin fell to a two-month low Monday, as markets adjusted to the prospect of tighter monetary policy from the Federal Reserve.
MicroStrategy Buys $243 Million More Bitcoin
MicroStrategy just added $243 million worth of Bitcoin to its corporate treasury, which is currently worth more than $41 billion.
Stablecoin Issuer Tether Relocates to Bitcoin-Friendly El Salvador
Tether, the company behind stablecoin USDT, is moving to Bitcoin-friendly El Salvador—a poor country that is now attracting tech talent.
Treasury Pick Scott Bessent to Divest BlackRock Bitcoin ETF Before Trump's Inauguration
Scott Bessent will also resign from Key Square Group, the hedge fund he founded, to avoid conflicts of interest if the Senate confirms him.
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