Bitcoin Holds Near $107,000 Despite Federal Reserve Rate Cut
A 25 basis point reduction and hints of a December pause lifted U.S. Treasury yields to three-week highs, testing market sentiment in crypto and bonds.
BTC
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Terms & Concepts
Basis Point: A unit equal to 1/100th of a percentage point, commonly used to express changes in interest rates.
Support Level: A price point where an asset tends to stop falling due to increased buying interest.
Treasury Yield: The return on investment for U.S. government bonds, influencing broader financial markets.