The crypto merchant bank’s head of research said bitcoin’s price in 2020 dollar terms peaked out this year at $99,848.
Bitcoin still hasn’t hit $100,000 when adjusted for inflation: Galaxy’s Alex Thorn
The crypto merchant bank's head of research said bitcoin's price in 2020 dollar terms peaked out this year at $99,848.
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Temporary support emerged at $0.23 by 21:00, driven by visible accumulation, but subsequent upside attempts consistently faltered at the $0.24 resistance zone.
BTC buyers over Binance seem to be leading the BTC price action ahead of the CPI release.
The impending meeting comes amid escalating trade tensions, with President Trump threatening to impose additional tariffs on China
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.