Bitcoin is going up and moving towards $100,000. Everybody is pleased, but also a bit nervous. What is going on?
🏦 The Role of the Federal Reserve
The Federal Reserve, or Fed, is the agency in charge of keeping an eye on the economy in America. Recently, they voted against raising interest rates, leaving them at 4.25% to 4.5%.
Why is that? When interest rates are high, borrowing money costs more. This would slow down spending and investing. Some investors hoped the Fed would lower rates to make borrowing cheaper , something that benefits investments like Bitcoin.
📈 Bitcoin’s Price Movement
After the Fed’s announcement, Bitcoin’s price saw some changes:
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It went up to $93,500, getting closer to the big $100,000 mark.
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Some experts think if it goes over $100,000, it might keep rising to around $107,000.
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But if it doesn’t, it could drop to about $85,000 or even $76,000.
🧠What Should You Know?
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Stay Informed: Bitcoin’s price can change quickly. It’s important to keep an eye on news and updates.
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Think Long-Term: While prices go up and down, many believe Bitcoin has long-term value.
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Be Cautious: Don’t invest more than you can afford to lose. Prices can be unpredictable.
