Bitcoin Holds $105,000 Amid Weaker U.S. Q4 GDP Report
When the US GDP report is expected to be less than 2.3 % in the second quarter, Bitcoin’s goal is to hold $ 105,000, and the expected expectations are 2.5 %. Analyst Michaanlvan de Poppe pointed out that the market has rapidly responded to the results of GDP. The yield and the decline in the US dollar are declining. Compared with Bitcoin, Ethereum has risen sharply, while Altcoins has seen a significant increase. He called GDP results “big missed” because it did not reach expectations. The weaker report of the GDP report has increased attention to the Fed. Although President Trump’s driving force has recently chose not to reduce interest rates. According to CME Group’s Fedwatch tool, the chance of reducing taxation in March is now only 18 %.
