Bitcoin plunges below $94,000, indicators flash “death cross”
Source Cryptopolitan
- The crypto seas just got choppier. Bitcoin plunged to around $94,000, marking its largest drop since May as investors fled risk ahead of US futures opening. According to CoinGecko, BTC is trading around $93,657 at last check.
- The odds that Federal Reserve will cut interest rates in December have cratered to 44%, a new low.
- Secondly, Bitcoin’s on‑chain and technical indicators are flashing warnings: the so‑called “death cross” (when a short‑term moving average crosses a long‑term average, hinting at bearish momentum) seems imminent for Bitcoin
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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