✉news BusinessCrypto first seen 13 h ago, last 4 h ago, peak #11
Bitcoin Slides as Fed Rate Uncertainty Weighs on Markets
Original: Bitcoin wilts as Fed rate uncertainty weighs. Kospi plunges 8%
Bitcoin is falling as uncertainty over the US Federal Reserve's interest rate path weighs on risk assets, while South Korea's Kospi stock index plunged 8% in a broad selloff. Traders are retracing expectations of rate cuts, pressuring cryptocurrencies and equities alike, and investors across Asia and crypto markets are reacting sharply to the shifting outlook.
Why now: Fresh doubts about the Fed's rate-cut trajectory have triggered a sharp selloff in risk assets, hitting crypto and Asian equities hard.
BitcoinFederal ReserveKospiSouth Korea
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2333206