CandleFocus

Wall Street rebounds after intense sell-off – What’s holding Bitcoin?

Wall Street is recovering after a severe sell-off that caused major losses in the Dow Jones, S&P 500, and Nasdaq. The sell-off was triggered by the Federal Reserve's announcement of fewer interest rate cuts in 2025. The market's recovery is uncertain, but futures for major indices are trending higher, suggesting that investors may view the sell-off as a buying opportunity. Bitcoin also experienced a drop from its all-time high of $108,000, currently trading around $100,200. Long-term holders are selling off their assets at high prices, putting selling pressure on the market. Exchange activity has also decreased, but previous spikes in volume have signaled significant price actions in Bitcoin. The average realized price of Bitcoin is acting as a support level, but if selling pressure continues, prices could test the $97,600 mark.

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