Bitcoin plunged over 4% on Thursday, falling as low as $106,290, as crypto traders reacted to signals from both the Federal Reserve and President Donald Trump. In short, crypto world seems nervous about the future.

Bitcoin hit a record high of $ 125,245 on Oct. 5, prompting many crypto optimists to make wild predictions that it could just continue to go up forever. But that line of thinking hasn’t worked out in recent weeks, especially after a flash crash two weeks ago that wiped out billions.

The Federal Reserve announced interest rate cuts Wednesday, setting the benchmark short term rate between 3.75% and 4%, which the Wall Street Journal notes is the lowest in three years. That’s exactly what President Donald Trump had been asking for, as he’s pestered Powell to lower interest rat

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