Bitcoin sunk below $92,000 early Friday before recovering some ground, on the heels of the Federal Reserve signaling a slowdown in interest rate cuts for 2025.
As the Federal Reserve's rate cut and revised inflation outlook send bitcoin tumbling below $100K, the cryptocurrency market faces widespread sell-offs. Simultaneously, groundbreaking athlete endorsements, a surge in phishing scams, and legislative moves like Ohio's Bitcoin Reserve Act highlight crypto's pendular behavior.