🗣 Bitcoin retreats from record high of $108,000 just before the Federal Reserve meeting
⏺ The Fed is expected to implement another quarter-point rate cut on today's meeting, but there is less clarity on the policy outlook next year due to robust US economic growth and inflation risks from Trump's wider agenda.
⏺ Despite the dip, demand remains strong, with Bitcoin whales accumulating $7.28 billion worth of BTC over the past two days.
⏺ Major altcoins, including BNB, Solana, Dogecoin, Cardano, Tron, Avalanche, Chainlink, and Shiba Inu, registered losses of up to 6%.
⏺ The Fed is expected to implement another quarter-point rate cut on today's meeting, but there is less clarity on the policy outlook next year due to robust US economic growth and inflation risks from Trump's wider agenda.
⏺ Despite the dip, demand remains strong, with Bitcoin whales accumulating $7.28 billion worth of BTC over the past two days.
⏺ Major altcoins, including BNB, Solana, Dogecoin, Cardano, Tron, Avalanche, Chainlink, and Shiba Inu, registered losses of up to 6%.