Bitcoin broke the $ 102,000 level

After yesterday’s rate cut by the US Federal Reserve, bitcoin BTC $98,012.18 Bitcoin -6.04% Market capitalization $1.94 trillion VOL. 24 hours $6.4 billion failed to stay above $ 104,000. Crypto industry analysts point out that this was the result of a change in monetary policy that affected the overall market dynamics. The rate cut triggered a wave of sales among investors who sought to lock in profits amid uncertainty.

Experts emphasize that such exchange rate fluctuations are typical for the cryptocurrency market, which remains sensitive to macroeconomic changes. Meanwhile, traders are waiting for the situation to stabilize in order to determine further prospects for price movements.

Despite the short-term difficulties, many investors are still optimistic about the long-term potential of bitcoin. They believe that a decline in value could open up opportunities for new purchases and entry into the market at more attractive prices.

The Fed’s rate change has also affected other cryptocurrencies, causing noticeable fluctuations in the market. Nevertheless, industry analysts emphasize that the cryptocurrency market has the ability to quickly adapt to changes, keeping investors interested due to its innovation and development prospects.

According to the analytical tracker CoinMarketCap, at the time of writing, the flagship cryptocurrency is trading at $ 101.133 with a market capitalization of $ 2 trillion. Traders have made daily trading deals worth $ 95.96 billion.