@jaynal10
News and Market Movements
​Price Consolidation: Bitcoin is currently attempting to build support around $110,000 after defending lows near $108,000. Key resistance is cited near $112,340 and $114,200.
​Macro Factors: Recent market pressure was partly attributed to the U.S. Federal Reserve's 25-bps rate cut and cautious remarks about future rate cuts. These macro events often cause short-term hits to risk assets like crypto.