Bitcoin Hovers Around $97,000, But A Correction May Be Around The Corner, Traders Warn

Why is Toyota forecasting profit drop amid tariffs? How will US-UK trade deal impact markets? Why did Fed hold interest rates steady? What effects will Trump’s tariffs have on inflation? How did Nvidia’s CEO warn about China? Why is WeightWatchers filing for bankruptcy? How are US tariffs affecting auto prices? What’s behind Disney’s theme park expansion plans? How are air traffic control issues affecting Newark?

Bitcoin Hovers Around $97,000, But A Correction May Be Around The Corner, Traders Warn

benzinga.com/markets/cryptocurrency/25/05/45259065/bitcoin-hovers-around-97000-but-a-correction-may-be-around-the-corner-traders-warn

Bitcoin (CRYPTO: BTC) is up to nearly $97,000, boosted by renewed liquidity from China and heightened anticipation around the FOMC's interest rate decision. But traders remain split on whether this marks the start of another rally or a setup for another correction.
What Happened: Crypto…

This story appeared on benzinga.com, 2025-05-07 15:37:47.