Bitcoin Breaks $90K Amid Macro Shifts
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Bitcoin surged past the $90,000 threshold as multiple macroeconomic factors converged to create favorable conditions. The weakening US dollar index, coupled with gold reaching new highs, suggests a broader flight from traditional fiat assets into alternative stores of value. This movement reflects growing investor confidence in Bitcoin's role as a hedge against currency devaluation and economic uncertainty.
Traders are positioning ahead of today's FOMC meeting, with market participants closely watching for signals regarding potential rate cuts or pauses. The current rally appears driven by anticipation of accommodative monetary policy, which typically benefits risk assets including cryptocurrencies. Should the Fed signal dovishness, this could extend the current BTC and altcoin momentum, though any hawkish surprise might trigger profit-taking.
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