Reported 23 days ago
Bitcoin experienced a decline of up to 2.8% at the beginning of a critical week for markets that are waiting for a widely expected interest rate cut by the Federal Reserve. As of Monday morning, Bitcoin traded at $58,633 amidst concerns over how the rate cut and accompanying signals from the Fed officials will impact market conditions. While looser financial conditions generally favor cryptocurrencies, uncertainties about the scale of the anticipated rate cut have led to cautious trading among investors.
Source: YAHOO