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B4Bit

06/19 11:20

Bitcoin Price Battles for $105,000


The decision regarding the general interest rates in the United States came in yesterday and the Federal Reserve didn’t really surprise the market. Bitcoin continues fighting for $105,000, going through some very moderate volatility in the interim, all the while altcoins are also stagnating.

At the time of this writing, Bitcoin’s price is trading at around $104,800, marking a very slight increase of around 0.2% on the daily chart seen below.

It’s worth noting that the cryptocurrency had declined to around $103,600 but the bulls were quick to intercept the move and pushed the price back towards $105K.

This comes immediately after the US Federal Reserve decided to keep the general interest rates unchanged in the range between 4.25% and 4.5%. This is what the majority of the traders were expecting. In fact, according to Polymarket, there was less than 1% chance for the institution to go with a 25bps cut.

Nonetheless, the FOMC update also included a few additional remarks, which do mark a slight change of tone. Most notably:

Ups inflation forecast to 3%
Cuts 2025 GDP forecast to 1.4%
Sees 50bps in cuts this year
Rates projected at 3.6% in 2026 and 3.4% in 2027

At the same time, president Donald Trump continues with his hostile rhetoric towards Fed Chairman Powell, calling him “stupid,” and insisting that the country is losing billions of dollars because of the institutions refusal to cut rates. The political pressure seems to be mounting.BTCUSD_2025-06-19_12-17-57.webp

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