$BTC Holds $86K as #Trump Promises Rate Cuts
President Trump has indicated the next Federal Reserve chairman will pursue significantly lower interest rates as #Bitcoin trades through volatile sessions.
$BTC steadied near $86,600 following sharp price swings Wednesday that saw the cryptocurrency briefly surge toward $90,000 before retreating below $86,000. The asset traded at $86,670 on Thursday, gaining 0.061% over 24 hours.
LVRG Research Director Nick Ruck attributed the heightened volatility to broader risk-off sentiment in global markets, reduced ETF inflows, and deleveraging in derivatives. Increased correlation with equities amid monetary policy uncertainty and macroeconomic pressures added to trading instability.
Thin #liquidity conditions amplified price movements as year-end portfolio repositioning replaced fading expectations for a Santa Claus rally. Ruck noted current market dynamics reflect cooling flows and leverage resets rather than seasonal patterns.
