Bitcoin is once again coming to the forefront of investor interest after surpassing $115,000, while the Federal Reserve is considering cutting interest rates.
Bitcoin enters a new phase of volatility
Bitcoin has surpassed the important $112,000 mark, suggesting further growth is possible. The market experienced a quiet trading period over the weekend, with Friday’s gains supported by positive inflation data in the US.
Traders watched the $112,000 level as a key resistance. Breaking through it could push the price up to the $123,000 limit, signaling the strength of the bullish trend.
The Fed and its impact on risky investments
The Fed is likely to cut interest rates, which is supported by a high probability of over 96% according to expert tools. This move could make borrowing cheaper and increase liquidity in the markets.
The rate cut could boost demand for risky assets such as Bitcoin. The global trend of monetary policy easing is creating an environment conducive to the growth of the cryptocurrency market.
