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Rent cloud resources for profitable crypto rewards ✌️【Asset】✌️Invest ₹500 and unlock guaranteed returns up to 100%. Start growing today!Bitcoin (BTC) surged to over $106,000 in early Asian hours, setting new all-time highs before quickly retreating to $104,500 amid concerns about the upcoming U.S.

Federal Reserve (Fed) rate cut.The U.S.

central bank is expected to reduce the benchmark borrowing cost by 25 basis points to the 4.25% to 4.5% range, marking a total easing of 100 basis points since September.

However, there are concerns that the accompanying Fed commentary will seek to temper expectations for further easing, potentially diminishing the bullish impact of the rate cut.The Fed will announce its rate decision, the dot plot, comprising interest rate projections, and economic forecasts on Dec.

18 at 14:00 ET.

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