Bitcoin (BTC) is experiencing a tight trading range between $90,000 and $110,000, challenging its ability to break free. The cryptocurrency's price remains suppressed by economic uncertainties, chiefly concerning U.S. inflation and the Federal Reserve's policies.
In the past 24 hours, Bitcoin's market capitalization declined to $1.9 trillion. The Federal Reserve's hawkish comments continue to exert pressure on the cryptocurrency market, adding to traders' anxiety. Inflation trends and policy decisions loom large, complicating Bitcoin’s potential for upward movement.