On November 15, 2024, Bitcoin's price dropped over 1% after briefly surging above $93,000 earlier in the week. The decline was prompted by hawkish comments from Fed Chair Jerome Powell regarding interest rates, reducing the anticipated chances of a rate cut in December. Bitcoin ETFs experienced significant outflows totaling $400 million, indicating that traders are taking profits following recent gains. Notably, XRP saw a remarkable 17% increase within 24 hours amid regulatory optimism as multiple U.S. states filed a lawsuit against the SEC, suggesting a potential crypto-friendly environment under a Trump administration. Technical indicators show Bitcoin possibly challenging resistance levels, with potential new records above $94,000 if bullish momentum continues. Conversely, a drop below key support could lead BTC towards the 200-hour SMA at $82,600.

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