Bitcoin News Today: Bitcoin Faces $62K Drop Threat Amid Fed's Data Silence Predicament
- Bitcoin faces $62K crash risk amid Fed uncertainty caused by U.S. government shutdown's "data blackout" disrupting inflation/labor data. - Post-Nov 13 reopening saw BTC rebound above $102K, but markets remain fragile with 20% decline from October peak despite $140B ETF growth. - Fed rate cut odds dropped to 52% for December, creating volatility as institutions like Harvard Endowment invest $443M in Bitcoin ETFs. - U.S. miners struggle with 37.75% global hashrate share amid lack of federal incentives, con
Bitcoin Faces $62,000 Drop Threat as Fed Policy Remains Unclear
The crypto market is currently unstable as
After the government reopened on November 13, crypto markets saw a brief boost, with
Expectations for Federal Reserve rate cuts have become a mixed blessing for Bitcoin. While a more accommodative stance could weaken the dollar and benefit riskier assets,
Meanwhile, the U.S. Bitcoin mining industry faces its own hurdles. Even with
With the Fed’s December meeting approaching and October CPI figures still unavailable,
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