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Bitcoin Slides as Markets Price in Potential Fed Rate Hikes

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin is retreating as markets brace for potential Federal Reserve rate hikes, with a 34% probability of a quarter-point increase next month.
  • While some analysts at Grayscale suggest the current dip offers an attractive entry point, macro uncertainty regarding interest rates continues to pressure cryptocurrency prices.
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BTCUSD price history

76805.49 +13.86% over the displayed period

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