Bitcoin (BTC) recently experienced a notable decline, with its price dropping by 2.4% to approximately $60,800. This downturn comes despite potential indications of rate cuts from the Federal Reserve, which typically would boost market sentiment.
Market participants remain cautious, with a prevailing bearish sentiment overshadowing any positive impact that rate cuts might traditionally have. This uncertainty raises questions about Bitcoin's ability to maintain its price level above $60,000 amid the ongoing market turbulence.
