Fed Tension After Bitcoin Rise: Eyes on December 18th for Price! - Coin Bulletin

The upcoming interest rate decision of the FED and Trump's positive messages about cryptocurrency have caused market fluctuations after Bitcoin broke the record by reaching $106,000.

Bitcoin (BTC) reached an all-time high today, surpassing the 106,000 dollar level. However, due to concerns about the upcoming interest rate cut by the Federal Reserve (FED), it quickly retreated to 104,500 dollars. Please provide the text to be translated. The Fed's 25 basis point interest rate cut decreased the benchmark interest rate to 4.25-4.5% and was among the primary expectations.

Despite a total of 100 basis points of easing since September, it is stated that the Fed could reduce expectations for further cuts following this step. This situation could limit the positive impact of interest rate cuts on the markets.

Critical Date for Cryptocurrencies: December 18

The FED will announce its interest rate decision, economic projections, and interest rate projections called 'dot plot' on December 18th. Then, FED Chairman Jerome Powell will hold a press conference.

The previous dot plot released in September projected a 2.5 percentage point interest rate cut by the end of 2026, lowering interest rates to below 3%. However, some analysts expect slower or less aggressive cuts in this week's projections.

Bannockburn Global Forex's chief strategist Marc Chandler stated that economic growth is above the Fed's expectations and inflation is following a volatile path, mentioning, "The Fed could be more patient on interest rate cuts and may predict less cuts than expected in September." Please provide the text to be translated. If there is a hint of less easing than expected in interest rate projections, it seems likely that Treasury bond yields and the dollar will continue to appreciate. This situation may make it difficult for the demand for Bitcoin and other risky assets.