Fed rate cut decision to ‘impact heavily’ on if Bitcoin hits $112K: Analyst

Bitcoin’s $112K Surge: Rate Cut Could Fuel Further Gains

Bitcoin’s recent surge to a new all-time high of $112K has sparked renewed interest and debate in the crypto community. While the digital asset briefly dipped below $100K, it has since shown signs of recovery, hinting at a potential upward trajectory. Carlo Pruscino from CMC Markets suggests that a Fed rate cut could drive Bitcoin back to its peak and possibly beyond. Let’s delve into the… Source

Fed rate cut decision to ‘impact heavily’ on if Bitcoin hits $112K: Analyst

CMC Markets market analyst Carlo Pruscino tells Cointelegraph that the “upside target” is $112,000 if the Federal Reserve cuts interest rates “sooner than expected.”