Bitcoin’s Critical Test: Can It Defend the $90,000 Threshold?

The cryptocurrency market is watching with bated breath as Bitcoin confronts a decisive moment. The leading digital asset, having plunged more than 30% from its October peak, is now challenging the psychologically significant $90,000 level for the first time since February. This dramatic sell-off raises urgent questions about its underlying causes and whether a market bottom is in sight.

Significant external forces are contributing to the downturn. Market expectations for interest rate cuts from the U.S. Federal Reserve have collapsed, dropping from 90% to just 41%. Concerns over persistent inflation voiced by Fed officials, coupled with a strengthening U.S. dollar, are creating a challenging environment for risk-sensitive assets like Bitcoin.

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