CandleFocus

? Bitcoin drops below $59K as Fed might pause rate cuts in November

Bitcoin's price dropped below $59,000, falling 4% in the past 24 hours, following remarks from Atlanta Fed President Raphael Bostic suggesting a potential pause in November rate cuts. Bostic stated that he is comfortable skipping a meeting if the data suggests it's appropriate, and that the Fed has the ability to be patient and wait to see how the data evolves. The US inflation rate increased slightly higher than expected in September, causing market volatility, but Bostic remained open to the idea of resuming cuts later in the year.

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