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🚨 Hawkish Fed Has Bitcoin Market Feeling Most Fearful in 3 Months The Bitcoin market is experiencing its strongest bias for downside protection in three months, driven by hawkish remarks from the Federal Reserve. Following a recent interest rate cut, Chairman Jerome Powell expressed caution about future easing, which has dented bullish sentiment among traders. Data shows that put options are trading at their highest implied volatility premium relative to call options since September, indicating heightened demand for downside protection. As Bitcoin prices dropped from around $105,000 to under $99,000, traders have been scrambling to hedge their positions. The Fed's projections now suggest only two rate cuts for 2025, down from earlier expectations, contributing to a negative sentiment in the market. Currently, Bitcoin is trading around $101,200, trying to recover from earlier losses. 📌Powered by Crypto Insider King
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Within 40 Days. 📌Powered by Crypto Insider King
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Bloomberg Analyst Say Litecoin and Hedera ETFs Will Come Before Solana and XRP ETFs. 📌 Follow Us If you want latest updates on time
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Me leaving my 9-5 when Bitcoin hits 250K
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