Bitcoin Magazine Bitcoin Price Slumps to $102,000 as Fed Policy, Investor Sentiment Pressure Markets

Bitcoin Price extended its losses today, sliding more than 2.5% to around $102,852 as renewed U.S. dollar strength and investor outflows from crypto ETFs weighed heavily on the market.

The bitcoin price drop comes after Bitcoin’s worst October performance in nearly a decade, further denting sentiment among traders already reeling from a historic liquidation event last month.

Bitcoin briefly traded below $103,000, its lowest level in over two weeks, breaking below the critical 200-day moving average — a key gauge of long-term market momentum, according to Bitcoin Magazine Pro data.

Since then, Bitcoin has rebounded to above $104,000 at time of writing.

According to market analyst Damian

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