Bitcoin’s Price Plummets Amidst Fed Uncertainty

The cryptocurrency market is experiencing heightened volatility with Bitcoin facing a significant downturn ahead of the Federal Reserve’s announcements. While traders anticipate a 25 basis point rate cut by the Fed, the market is also closely watching for hints on future policy direction from Jerome Powell. Analyst Jelle predicts Bitcoin could surge between $150,000 and $170,000 if the trend continues, based on a strong correlation with gold prices. This article explores key factors influencing Bitcoin’s volatility during this period of uncertainty.