Bitcoin, ether ease after early January pop as markets price fed cuts
Bitcoin and ether experienced a decline after an initial surge in early January, as cryptocurrency markets adjusted to expectations of potential interest rate cuts by the Federal Reserve. Bitcoin's price fell below $42,000, while ether also saw a decrease, reflecting a broader trend in the crypto market. Analysts suggest that the recent volatility is linked to macroeconomic factors, particularly the Fed's monetary policy outlook. Investors are closely monitoring economic indicators that could influence future rate adjustments.
Read the full article: CoinDesk