Bitcoin Under Pressure as Goldman Trims Fed Rate Cut Expectations, BofA Sees Potential Hike After Blowout Jobs ReportRisk assets trade weak as investment banks pare back Fed rate cuts in the wake of Friday’s hotter-than-expected U.S. jobs report. By Omkar Godbole Jan 13, 2025, 9:57 a.m. UTC Bitcoin (BTC) started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday’s strong jobs report.The leading cryptocurrency by market value dipped below $93,000 during the European hours, representing a 1.6% drop on the day, according to data source CoinDesk. Prices looked set to test the support zone near $92,000, which has consistently acted as a floor since late November. Powered By 00:00/01:591035.3K 0
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