As reported by @CoinDesk, Bitcoin's value decreased to $101,000 as Federal Reserve Chair Jerome Powell discussed a slower trajectory for projected rate cuts in the upcoming year. This announcement also affected major altcoins, with XRP, ADA, and LTC experiencing declines. The market's reaction highlights the sensitivity of cryptocurrency prices to macroeconomic signals and policy announcements.
Bitcoin Drops to $101,000 Amid Fed Chair Powell's Rate Cut Projections
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