Orange Coin failed to maintain its gains after the Fed chief said there won’t be as many interest rate cuts as expected. Prices dropped to $96,000.

• Bitcoin prices BTCUSD were battered on Friday morning as crypto traders were still digesting Wednesday’s interest rate decision and the Federal Reserve’s forecast. The Fed made its final rate cut in 2024, dashing hopes of further monetary easing – rates won’t be as low as markets had expected, with only two rate cuts planned for 2025 instead of four.
• Crypto appeared first tolerated it well. Bitcoin held firm on Thursday after an initial sell-off by bargain-hungry traders was recouped and prices hit $100,000 again. Friday is a different story. The broad-based weakness appeared to hit all crypto corners, with Bitcoin quickly losing points, sliding from $100,000 to $96,000. Ethereum was badly in the red and the entire digital asset space had lost about 5% of its valuation and is now at $3.3 trillion.
• Still, it was a blockbuster year for digital assets. Bitcoin has more than doubled to reach a record high of $108,000, defying gravity, dire predictions and all hate speech. After President-elect Donald Trump won the White House for another four years and immediately put crypto at the top of his to-do list, things really took off. Now the outlook for crypto in the US is better than ever.