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Trading Recommendations for the Cryptocurrency Market on December 11
Bitcoin failed to hold above $94,000
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Bitcoin failed to hold above $94,000 yesterday, while Ethereum is once again headed towards $3,000.This is mainly due to the US Federal Reserve's mixed stance. Recall that yesterday the interest rate was lowered by 0.25 percentage points, which positively affected the cryptocurrency market. The Fed also announced a bond-buying program, which ostensibly weakens the dollar and should help the cryptocurrency market. However, the central bank published a forecast expecting only one rate cut next year and one in 2027. This
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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