Bitcoin Sees Reduced Selling Pressure as Fed’s FOMC Meeting Yields Rate Cut: CryptoQuant
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The Bitcoin market is currently seeing easing pressure after a period of intense selling from investors. The declining pressure is evident in reduced deposits into exchanges and a significant recovery in bitcoin’s (BTC) price over the last three weeks.
Analysts at the research firm CryptoQuant reported that continued low selling pressure could trigger a relief rally in BTC. This uptrend could be supported by the 25 basis points interest rate cut announced by the Federal Reserve during the just-concluded Federal Open Market Committee (FOMC) meeting.
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$ 89.29K
-1.11%
$ 0.00658
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In This News
Coins
$ 89.29K
-1.11%$ 0.00658
Share:
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Bitcoin Sees Reduced Selling Pressure as Fed’s FOMC Meeting Yields Rate Cut: CryptoQuant
Share:
The Bitcoin market is currently seeing easing pressure after a period of intense selling from investors. The declining pressure is evident in reduced deposits into exchanges and a significant recovery in bitcoin’s (BTC) price over the last three weeks.
Analysts at the research firm CryptoQuant reported that continued low selling pressure could trigger a relief rally in BTC. This uptrend could be supported by the 25 basis points interest rate cut announced by the Federal Reserve during the just-concluded Federal Open Market Committee (FOMC) meeting.
In This News
Coins
$ 89.29K
-1.11%$ 0.00658
Share:
In This News
Coins
$ 89.29K
-1.11%$ 0.00658
Share:
Read More
2026 Crypto Market: The Stunning Bull Run Fueled by Liquidity Expansion