Bitcoin price affected by Federal Reserve uncertainty, oil prices, and AI slowdown

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Crypto World News reports that Bitcoin (BTC) prices fell 3% during Asian morning trading, now at $76,910.47, approaching $77,000. The market is preparing for a week filled with macro catalysts. Singapore market maker Enflux stated that traders are hesitant to push Bitcoin higher ahead of Wednesday’s interest rate decision and a series of data releases. Oil prices remain above $100, adding complexity to inflation prospects and making it more difficult for Federal Reserve Chair Powell to signal dovish policy. Enflux believes the market is operating under two competing assumptions: that geopolitical tensions will eventually ease, but any resolution will not quickly impact short-term policy. Bitcoin is struggling to break through key technical levels, currently trading around $80,700, which is 4% below the short-term holder cost basis. In the absence of clear signals, Enflux expects Bitcoin to remain cautious ahead of Thursday’s data releases.

BTC-1.01%
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