1. What is the current Bitcoin price today?
Bitcoin is trading around $90,263, with intraday movement between $89,536 and $94,381.
2. Why is Bitcoin so volatile today?
Bitcoin’s volatility is mainly due to the Federal Reserve’s recent rate cut and broader uncertainty in global financial markets.
3. How is the Federal Reserve affecting Bitcoin?
The rate cut initially pushed Bitcoin higher, but cautious comments from the Federal Reserve led to a quick price reversal and increased volatility.
4. Are institutions still investing in Bitcoin?
Yes, several institutions and corporations continue to adopt Bitcoin strategies, influencing short-term market sentiment.
5. What are analysts predicting for Bitcoin?
Analyst predictions are mixed, with some expecting long-term growth toward $150,000, while others foresee near-term consolidation.