Bitcoin Falls as Fed Rate-Cut Hopes Fade — Market Talk

Bitcoin falls in Asian trading. Fading expectations for Fed rate cuts and persistent U.S. inflation concerns continue to weigh on demand for crypto assets, Novaque Research analysts say. Meanwhile, bitcoin could face more selling pressure as more leveraged traders bet on long-term gains while additional bitcoin supply enters the market. If prices fail to rise, these traders may be forced to deleverage, potentially triggering another wave of selling, Novaque adds. Bitcoin is down 0.2% at $64,253.50. ([email protected])