Bitcoin's ability to maintain support at $92,500 will be critical as investors digest the Fed's inflation concerns.
Bitget2025/02/20 12:51
Bitcoin has seen modest gains over the past 24 hours as investors digest the Federal Reserve's cautious stance on inflation and interest rate policy, with a total market capitalisation of just over $3.3 trillion, according to TheBlock.
Iliya Kalchev, analyst at Nexo Dispatch, said, ‘Market participants should keep a close eye on the Fed's policy direction as these events could impact liquidity and investor sentiment, as Bitcoin's ability to maintain the $92,500 support level will be crucial in determining its near-term trend. ’
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