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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prices-dip-below-100000-as-investors-prepare-for-fed-meeting/" data-wpel-link="internal">Bitcoin Prices Dip Below $100,000 as Investors Prepare for Fed Meeting</a> 
As we approach mid-December, there are fewer than ten days until the Fed meeting, and Bitcoin (BTC) has once again fallen below $100,000. The ongoing volatility is not surprising for <a href="https://en.coin-turk.com/cryptocurrency-investors-monitor-market-movements/" data-wpel-link="internal">cryptocurrency</a> investors. What situation do cryptocurrency investors find themselves in today? 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
Bitcoin (BTC) bulls are maintaining support at $99,091, continuing consolidation at higher levels. As January approaches, marked by Trump’s inauguration, there is hope for an acceleration in price. For now, it can be stated that the Fed meeting has exerted pressure on prices. 
Recent data has largely favored cryptocurrency investors. While members signal a pause in interest rate cuts, inflation remains focused on the 2% target. Moreover, if the pause decision is made abruptly, it could surprise the markets; thus, the Fed may discuss such uncertainties over several meetings. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-413126 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-09_09-55-33.png" alt="" width="1814" height="836"> 
The critical support level stands at $91,000, and aside from a brief dip, BTC has not retreated to these levels for a long time. 
<h2 style="text-align: justify" id="current-status-of-cryptocurrencies">Current Status of Cryptocurrencies</h2> 
ETH gained 6.44% weekly, though volumes generally weakened. The lack of volume over the weekend is not surprising, and total volume could rebound from $165 billion back above $250 billion in the coming days. No significant gains were observed among the top 100 cryptocurrencies in the last 24 hours. 
Weekly MOGG, <a href="https://en.coin-turk.com/new-revelation-from-altcoin-hunter-this-altcoin-is-rising-unnoticed/" data-wpel-link="internal">LINK</a>, and XMR <a href="https://en.coin-turk.com/axs-coin-analysis-will-the-bullish-trend-continue/" data-wpel-link="internal">altcoins</a> gained over 20%. In particular, Chainlink ‘s 33.5% increase was a significant turnaround indicator. According to Coinmarketcap data, BTC dominance hovers around 54.2%. The total market value of cryptocurrencies is approximately $3.63 trillion. 
Today, Eric Trump will speak at the Bitcoin MENA conference, where his father’s views on cryptocurrencies are expected to be confirmed. Tomorrow, Microsoft will hold its previously announced Bitcoin vote, with shareholders advised to vote against it. 
Wednesday will be crucial as the US November inflation data will be released. If we observe bad data that could solidify a pause before the Fed’s interest rate decision on December 18, it may negatively impact cryptocurrencies temporarily. 
The post <a href="https://en.coin-turk.com/bitcoin-prices-dip-below-100000-as-investors-prepare-for-fed-meeting/" data-wpel-link="internal">Bitcoin Prices Dip Below $100,000 as Investors Prepare for Fed Meeting</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Prices Dip Below $100,000 as Investors Prepare for Fed Meeting

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