Bitcoin pared some of Thursday's losses in Europe, trading above $90,000 in the morning. BTC has fallen more than 1% in the past 24 hours and could be showing signs of profit-taking after rallying above $93,000 earlier this week. The decline was triggered by hawkish comments from Federal Reserve Chairman Jerome Powell that dampened expectations for faster rate cuts. “The economy is not sending a signal that there is an urgent need to cut rates,” Powell said in prepared remarks for a meeting in Dallas. As of Friday, the market was pricing in a 66% chance of a 25 basis point rate cut at the December FOMC meeting, down from 83% on Thursday. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, is up 0.66%.
