Bitcoin slips to 106,000 USD amid market caution, Powell offers no timeline on rate cut

Bitcoin’s price declined to 106,000 USD, reflecting a 2.47% drop over two days. This downturn follows a notable rise of 7.32% last week, indicating volatility in the market.

Powell’s reluctance to give a timeline on rate cuts, compounded by rising political tensions with President Trump, has created a cautious market environment for Bitcoin and influenced traders’ sentiment.

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