The current price of bitcoin Today, the price of bitcoin falls below $96k for the third day in a row due to a hawkish Fed outlook.
Investing.com— As a result of recent profit-taking amid record highs and macroeconomic pressures brought on by the Federal Reserve’s hawkish stance, Bitcoin saw significant falls on Friday, its third day in a row.
Bitcoin dropped 6% on 08:47 ET (14:47 GMT) to $95,699.0.
After Fed officials indicated a slower pace of rate cuts in 2025, it dropped below the $100,000 barrier on Thursday. The larger cryptocurrency markets also saw a significant decline. The current price of bitcoin
Due to profit-taking and an uncertain macroeconomic outlook, the price of the largest cryptocurrency in the world fell after reaching an all-time high of $108,244.9 on Tuesday. The current price of bitcoin
After the Fed reduced its 2025 interest rate cut projection from four to just two, the sell-off become even more severe.
Because tighter monetary policy diminishes liquidity and deters investors from purchasing speculative assets like cryptocurrencies, the central bank’s hawkish attitude has an impact on Bitcoin. The current price of bitcoin
Additionally, Fed Chair Jerome Powell stated that the central bank has no plans to take part in any government program that would encourage the accumulation of large quantities of bitcoin.
Given the potential regulatory obstacles, this highlighted the growing skepticism toward a Strategic Bitcoin Reserve.
In an interview with CNBC last week, incoming President Donald Trump hinted at the possibility of a Bitcoin reserve. The current price of bitcoin
The United States has approved the first combined spot Bitcoin and Ethereum ETFs.
Filings from the Nasdaq and the Cboe BZX Exchange to list and trade crypto index exchange-traded funds from Hashdex and Franklin Templeton have been approved by the U.S. Securities and Exchange Commission. The current price of bitcoin
Based on their market capitalizations, the Franklin Crypto Index ETF and the Hashdex Nasdaq Crypto Index US ETF will mostly contain spot ether and bitcoin, with an approximate 80/20 weighting in favor of bitcoin. Eric Balchunas, a Bloomberg ETF analyst, predicts that these products will debut in January. The current price of bitcoin
Nate Geraci, President of The ETF Store, stated, “It will be interesting to see if BlackRock (NYSE:BLK) or others try to piggyback on this and launch similar ETFs.” In any case, I anticipate that there will be a sizable market for these goods. Diversification is adored by advisors. particularly in a new asset class like cryptocurrency.
These licenses are the first in the United States to authorize crypto index exchange-traded funds (ETFs). The current price of bitcoin
El Salvador will keep purchasing Bitcoin in spite of the IMF's caution.
Following a funding arrangement with the International Monetary Fund, El Salvador’s government announced on Thursday that it will continue to buy bitcoin, maybe at a faster pace. The current price of bitcoin
In exchange for an important $1.4 billion loan from the IMF, El Salvador’s president, Nayib Bukele, promised Wednesday to reduce the importance of Bitcoin in the country’s economy. In 2021, Bukele made Bitcoin the official currency of El Salvador and even had plans to issue bonds backed by the nation’s Bitcoin holdings.
Since El Salvador’s aspirations for Bitcoin essentially locked it off from access to international financing markets, the IMF had recommended that the government limit its exposure to the cryptocurrency. The current price of bitcoin
Today's cryptocurrency price: most altcoins decline as losses increase
As traders evaluated the Fed’s aggressive stance, other cryptocurrencies experienced a more severe decline than Bitcoin. The majority of altcoins have lost all of the significant gains they made last week due to a string of days of falls.
The second-best cryptocurrency in the world Ether fell more than ten percent to $3,302.66. For four days in a row, the token has declined. The current price of bitcoin
Global cryptocurrency XRP dropped more than 7% to $2.19.
Cardano dropped more than 10% to $0.8609, while Solana and Polygon also had 9.5% and 11% declines.
Dogecoin, one of the meme tokens, fell 17% to $0.3015. The current price of bitcoin
Frequently Asked Question
Bitcoin’s price dropped below $96,000 due to profit-taking after reaching record highs and macroeconomic pressures stemming from the Federal Reserve’s hawkish stance. The Fed’s reduced 2025 rate-cut projections and tighter monetary policy have diminished market liquidity, affecting speculative assets like Bitcoin.
Bitcoin hit an all-time high of $108,244.9 on Tuesday before falling. The decline was driven by profit-taking and uncertainties in the macroeconomic outlook following the Federal Reserve’s indication of fewer interest rate cuts in 2025.
Tighter monetary policies by the Federal Reserve reduce liquidity, making speculative investments like Bitcoin less attractive. Additionally, Fed Chair Jerome Powell’s skepticism toward creating a Strategic Bitcoin Reserve adds to regulatory and market uncertainty.
The approval of the first spot Bitcoin and Ethereum ETFs by the SEC introduces new investment avenues for institutional and retail investors. These ETFs could increase market adoption and liquidity, potentially influencing Bitcoin’s future price trends.
El Salvador plans to continue purchasing Bitcoin even as it secures a $1.4 billion loan from the IMF. While the IMF cautions against over-reliance on Bitcoin due to financial risks, President Nayib Bukele remains committed to integrating Bitcoin into the national economy.
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