Bitcoin Trades Between $106K and $116K Amid Rising Holder Sales and Fed Policy Split
Long-term Bitcoin holders are selling at a monthly rate of 104,000 BTC, while U.S. Federal Reserve officials remain divided over potential December interest rate cuts.
BTC
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Terms & Concepts
Long-term holders: Investors who have held Bitcoin for an extended period, often considered less likely to sell during short-term market fluctuations.
BTC: The common abbreviation for Bitcoin, the world’s largest cryptocurrency by market capitalization.
Federal Reserve: The central banking system of the United States, responsible for setting monetary policy, including interest rates.