Bitcoin to Skyrocket After Fed Rate Cut, Anthony Scaramucci Makes Epic BTC Prediction By U.Today

From Investing.com

September 18th, 2024 12:00:23 PM:

Hedge fund manager Anthony Scaramucci predicts Bitcoin may hit $100,000 by year-end due to Fed rate cuts and clearer U.S. regulations. Bitcoin hit $73,798 in March but slowed due to ETF inflow decline. Cryptos had mixed trading as investors await Fed’s rate decision, expecting a cut but uncertain on the amount.

Bitcoin surges ahead of Fed rate decision, reaching $61,373 before slight dip. Analyst predicts minor pullback after sell signal. On-chain resistance at $64,000 with 1.57 million addresses at loss. Fed Chairman Powell’s press conference may provide insights into future rate cuts. Bitcoin remains 1.18% up in the last 24 hours.

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