In the world of cryptocurrencies, volatility is expected, but Bitcoin’s performance over the past week paints a picture of stagnation rather than innovation. Despite the typical fluctuation that characterizes Bitcoin trading, we find ourselves back at square one—$84,000. It seems almost bewildering that after a week marked by dizzying highs and lows, Bitcoin has managed
Analysis
In a surprising twist, Bitcoin’s performance exceeded expectations following the recent Federal Open Market Committee (FOMC) meeting, where interest rates remained unchanged. The prevailing sentiment among traders could have leaned towards bearishness, anticipating that stasis in interest rates would lead to stagnant growth in high-risk assets like cryptocurrency. Instead, Bitcoin witnessed a notable surge, reaching