Bitcoin's latest slide is being tied to the Federal Reserve's cautious stance. (Image: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Bitcoin has plunged to around $107,000, nearly 15% from its all-time high levels, dragging broader crypto markets lower and souring sentiment among traders and investors. The latest slide is being tied to the Federal Reserve's cautious stance following its interest-rate decision last week.

While the Fed cut rates and signaled plans to end quantitative tightening by December, Fed Chair Jerome Powell made it clear that another cut in December was not guaranteed.

Data from the CME FedWatch Tool shows expectations for a December cut fell from 90% to 63% after the comment, and January odds dropped to 19.5%, sparking broad selling acr

See Full Page