Bitcoin Price Pennant Pennant Predicament Could Sweep $40,000, Is This the Dip Before the Rip?

The crypto market is quickly erasing the gains accrued since mid-week when the Federal Open Market Committee (FOMC) kept interest rates unchanged in the range between 5.25 to 5.5%. In his remarks, Jerome Powell, the Fed Chair, announced 3 rate cuts in 2024.