
Bitcoin Retreats Back to $104K as Markets Eye Fed Decision and Latest EU, UK Inflation Data
As cryptocurrency markets await clarity from the Federal Reserve regarding monetary policy, Bitcoin’s price has retreated to around $104,000. This recent dip is attributed to persistent trade imbalances, with domestic demand remaining robust.
The landscape aligns with investor uncertainty surrounding macroeconomic developments, as traders assess the potential implications of the Fed’s decision on liquidity and risk assets.
Source: cryptoslate.com