Bitcoin (BTC) Price: Drops Below $90,000 After Fed Rate Cut and Oracle AI Concerns
TLDR Bitcoin fell below $90,000 on Thursday after Oracle’s weak outlook raised concerns about AI profitability The Federal Reserve cut rates by 25 basis points on Wednesday but signaled caution about future cuts Bitcoin spiked to $94,400 after Powell’s comments on labor market weakness before retreating to $92,000 Standard Chartered lowered its 2025 Bitcoin price […] The post…
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Something Ominous Is Happening in the AI Economy
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