Smart traders cash in as Bitcoin tumbles after Fed's 25 bps rate cut

By Yahoo! Finance   |   1 month ago
Smart traders cash in as Bitcoin tumbles after Fed's 25 bps rate cut

The Federal Reserve cut rates by 25 basis points to ease financial conditions, causing market volatility. Traders braced for the decision, with $100 million in crypto positions liquidated. Analysts warned of Bitcoin's range-bound movement and potential losses below $100,000.

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