Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation
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Bitcoin experienced a brief surge following the Federal Reserve's announcement of an interest rate cut, reaching a monthly high close to $118,000. However, despite this initial rally, the price has since dropped to $115,000, indicating that while the market reacted positively to the news, Bitcoin is not yet in a position of strong recovery. This situation is significant as it reflects the ongoing volatility in the cryptocurrency market and the impact of macroeconomic factors on digital assets.
— Curated by the World Pulse Now AI Editorial System