Home Is Bitcoin Dropping Near $103K Due to Profit-Taking and Fed Confusion?

Is Bitcoin Dropping Near $103K Due to Profit-Taking and Fed Confusion?

Share
Share

Bitcoin (BTC), the world’s most popular cryptocurrency, traded near $103,000 on Tuesday, down slightly as investors booked profits amid uncertainty over the Federal Reserve’s interest rate plans.

Current Status 

At press time, Bitcoin was trading at $103,498.51, down 1.59% in the previous 24 hours, with a market capitalisation of $2.06 trillion, or a 1.61% loss.  Despite the decline, trade activity remained robust.

TradingView 

TradingView 

 

BTC Table 

Metric  Value 
Current Price $103,498.51
24H Price Change -1.59%
Market Capitalization $2.06 Trillion
Market Cap Change (24H) -1.61%
Volume Change (24H) +14.66%

Bitcoin’s 24-hour trading volume increased 14.66% to $60.29 billion, indicating that traders remain active in the market.  

The fully diluted valuation (FDV) surpassed $2.17 trillion, with 19.94 million BTC in circulation out of a total supply of 21 million.

Market analysts said that “Bitcoin’s recent drop highlights investor caution as traders respond to economic pressure.”  

According to reports, internal differences among Federal Reserve officials have lowered confidence in a probable December interest rate cut, increasing market volatility.  

Bitcoin frequently reacts to macroeconomic signals like interest rate changes and inflation expectations.  

The rising tensions over Fed policy have produced a cautious atmosphere, forcing some investors to cut profits following recent advances.

Still, analysts believe Bitcoin’s long-term fundamentals are good, because of its restricted supply and increased institutional use.  

As the crypto market responds to global economic developments, traders continue to monitor Federal Reserve updates and macroeconomic trends, which may influence Bitcoin’s next large price rise.

Share

Leave a comment

Leave a Reply

Latest News

News
South Korea Recovers $21M BTC As Authorities Track Anonymous Hacker

South Korea Recovers $21M BTC As Authorities Track Anonymous Hacker

Key Takeaways South Korea recovered about $21 million in Bitcoin after a rare crypto theft case. The funds belonged to the Gwangju...

News
Stripe’s Bridge Gets Initial OCC Trust Approval

Stripe’s Bridge Wins Initial Approval For National Bank Trust Charter

The U.S. Office of the Comptroller of the Currency has given Bridge, a stablecoin infrastructure company owned by Stripe, preliminary approval to...

News
Robinhood Plans $1B IPO for Private Market Access

Robinhood Targets $1B IPO To Expand Retail Access To Private Markets

Trading platform Robinhood Markets is reportedly planning a $1 billion IPO of a closed-end fund aimed at giving retail investors access to...

News
Ledn’s $188M Bitcoin Bond Deal Signals Crypto Lending Comeback

Ledn’s $188M Bitcoin Bond Deal Signals Crypto Lending Comeback As Coinbase Expands Loans

Key Takeaways Ledn sold $188M bonds backed by Bitcoin. This big step shows hope for crypto lending again. The crypto loan market...

Latest Blogs

What Are Crypto ETFs & Advantages Of Investing In Bitcoin ETFs?

Ever wondered what are ETFs and why is everyone suddenly talking about Bitcoin ETFs? Well, ETFs are one of the major reasons...

How To Analyze A Crypto Project Before Investing

In the rapidly changing world of digital assets, investing in a trade solely because of social media hype is a recipe for...

Exclusive Interview: John Dagostino on India’s Crypto Future

In a world where digital assets are quickly moving from the periphery of finance to the very heart of the global infrastructure,...

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for 2025 and beyond The future direction of Bitcoin from 2025...

Related Articles

What Are Crypto ETFs & Advantages Of Investing In Bitcoin ETFs?

Ever wondered what are ETFs and why is everyone suddenly talking about...

How To Analyze A Crypto Project Before Investing

In the rapidly changing world of digital assets, investing in a trade...

Exclusive Interview: John Dagostino on India’s Crypto Future

In a world where digital assets are quickly moving from the periphery...

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for...