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News  ›  Benzinga

December 10th Fed Decision Could Make Or Break Bitcoin's $100K Dreams

Benzinga Logo Benzinga By Hillary Remy
December 10th Fed Decision Could Make Or Break Bitcoin's $100K Dreams

Bitcoin traders are anticipating the Federal Reserve's December 10th interest rate decision, which could significantly impact cryptocurrency prices. With Bitcoin trading near $91,500 after a 30% decline from October peaks, the Fed's stance on rate cuts will be crucial in determining whether Bitcoin can reclaim six-figure territory.

Insights
VYLD   positive

Mentioned as a source of market analysis and providing historical data about market performance after rate cuts


BLK   neutral

Experienced substantial Bitcoin ETF capital outflows of $112.96 million, indicating investor uncertainty