Cryptocurrencies
Bitcoin Rally Pauses After Scaling $108,000 for the First Time
- President-elect Trump’s crypto support is shaping sentiment
- Traders await Fed meeting for fresh monetary policy signals
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Bitcoin took a breather after topping $108,000 for the first time as traders await an expected Federal Reserve interest-rate cut and assess a wave of optimism from President-elect Donald Trump’s support for crypto.
The largest token touched $108,315 on Tuesday before falling back to $104,775 as of 7:33 a.m. Wednesday in New York. The overall value of digital assets came within a whisker of $4 trillion during the earlier rally, data compiled by CoinGecko show.