Bitcoin Rally Faces Challenges
This is a US news story, published by CoinGape, that relates primarily to ATH news.
US news
For more US news, you can click here:
more US newsNews about Us federal policies
For more Us federal policies news, you can click here:
more Us federal policies newsCoinGape news
For more news from CoinGape, you can click here:
more news from CoinGapeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about Us federal policies, you might also like this article about
Crypto Prices Today December. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest crypto market news, GDP Data Hitting Crypto Market news, news about Us federal policies, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
ongoing Bitcoin price rallyCoinGape
•Top 5 US Economic Events of the Crypto Market this week
59% Informative
Bitcoin price hit ATH at $ 106.4k earlier in the day and is moving towards $ 120 K next.
The Bitcoin price is on the same trajectory with investors’ greedy sentiments, but that all could go in vain if this week ’s US Economic events did not favor the market.
The US FOMC meeting is scheduled for this Wednesday, December 18, 2024 .
The Fed has already implemented a 25 bps rate cut earlier, and many reports, like the CME FedWatch Tool , foresee a 96% chance of another rate cut this week .
The November PCE inflation report can impact the crypto market, based on the CPI data reports.
VR Score
40
Informative language
31
Neutral language
48
Article tone
formal
Language
English
Language complexity
39
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
2
Affiliate links
no affiliate links