Bitcoin Slumps After Fed Rate Cut As Traders Fall into ‘Buy the Rumor, Sell the News’ Trap
As Bitcoin fell below $108,000, Santiment spotted rising shorts and whale accumulation. The Federal Reserve’s widely anticipated 0.25% rate cut on Wednesday sparked a wave of volatility across traditional and crypto markets. Powell’s cautious remarks spooked crypto markets as Bitcoin briefly fell below $108,000 in a classic “buy the rumor, sell the news” scenario. But … Continue reading Bitcoin Slumps After Fed Rate Cut As Traders Fall into ‘Buy the Rumor, Sell the News’ Trap
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