Bitcoin trembles at the $100,000 mark. What’s keeping pressure on the price? – DL News
- Bitcoin’s price trembles around $100,000.
- The Fed’s rate cut failed to catapult the price higher.
- Here’s what’s keeping the price down.
Bitcoin is not looking great right now.
Traders kicked off the year by being told that the top cryptocurrency’s price would skyrocket to $200,000 before the end of 2025, but investors now find themselves watching it tremble around $100,000.
Rather than confirming expectations that the price would surge in October, Uptober failed to materialise. Instead, traders saw the total crypto market shed some $800 billion of its value, roughly 19%.
“Bears have clearly been in control,” Jasper De Maere, OTC Trader at trading firm Wintermute, told DL News.
“The market now seems to be tipping again,…
