Conflicted Fed cuts rates but Bitcoin’s ‘fragile range’ pins BTC under $100K

The Fed has officially cut rates by 0.25%, creating a significant impact on market sentiment. However, Bitcoin (BTC) is facing considerable resistance as it remains trapped within a 'fragile range' just below $100,000. According to Glassnode data, BTC shows limited upward movement, oscillating between $90,000 and $100,000. Investor sentiment appears cautious, given the uncertainty surrounding inflation and economic growth. This volatility requires traders to be vigilant, as any shifts in the market could lead to a break in this precarious range. The implications of the Fed's actions on risk assets like cryptocurrencies remain a crucial aspect to watch, especially if persistent inflation forces the central bank to reassess its policy.