Bitcoin (BTC) $96,257 started Sunday at $96,000, experiencing nearly a $3,000 loss during the day. The failure to reclaim $100,000 has led to increased weakness in altcoins amidst low trading volumes over the weekend. Ethereum (ETH)
$3,324 also retreated to $3,300.
Current Bitcoin Situation
After reaching a historic peak of $108,000, Bitcoin’s price has turned downward. The market has been adjusting to the reality that the Fed will implement fewer interest rate cuts in 2025. Powell’s recent statements have further solidified this negative sentiment.
Although the latest PCE data indicated a lower-than-expected increase, it does not change the fact t…

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