Bitcoin price at risk, Fed rate cut odds fall after strong US GDP data
Bitcoin’s price remained in a tight range today, January 22, as investors reacted to new developments on Greenland and to ongoing ETF outflows.
Bitcoin (
$BTC ) was trading at $89,400, a few points above this week’s low of $87,200. Still, there is a risk that the coin will continue to fall now that the odds of Federal Reserve interest rate cuts have fallen after the U.S. released strong economic data.
A report released by the Bureau of Economic Analysis showed that the economy did better than expected in the third quarter.