Bitcoin Braced For A Huge Earthquake As Fed Shock Fuels Crypto Price Crash Fears
Bitcoin has swung wildly after robust U.S. jobs data sapped expectations of Federal Reserve interest rate cuts and sent stock markets spiraling.
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The bitcoin price dropped to around $92,000 per bitcoin, restarting a sell-off that had lost steam earlier this week amid fears of a looming bitcoin price crash.
Now, as Tesla billionaire Elon Musk issues a surprise bitcoin price warning, crypto traders are scrambling to assess what the latest changes to Fed rate cut expectations mean for the bitcoin price.
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