Fed Rate Hike Concerns Impact Bitcoin, CryptoQuant Predicts New Potential Low

The US government shutdown has thrown a wrench in the economic data needed for the Federal Reserve’s interest rate decision, raising concerns about potential volatility for cryptocurrencies. The lack of key economic data ahead of the Fed’s December meeting leaves investors anxious. 🧐 🎧 CryptoQuant analyst XWIN Research offers a sobering outlook, warning that if the Fed doesn’t cut rates in December, Bitcoin could plummet to as low as $60,000-$80,000. This analysis hinges on the Fed’s need for clear economic indicators before making crucial decisions regarding interest rates.