Bitcoin Plunges Below $96K, Crypto Market Sensitive to Fed Rate Cut Expectations

Bitcoin plummets below $96K, marking a six-month low, amidst a broader sell-off in risky assets. The cryptocurrencys third consecutive weekly fall, with a 24% drop from its October peak, is linked to waning expectations of a December interest rate cut from the U.S. Federal Reserve. Ether also dips, reflecting the markets sensitivity to macroeconomic indicators and central bank policies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.