• 01 September, 2024
Bitcoin

Bitcoin Retreats to $66K Against Growing Federal Yields, the Investor Eyes Shifted

Federal Reserve rate reduction and changes in Treasury rates don't affect the strength of bitcoin. Analysts surmise that investors' reluctance to raise interest rates is the cause of the price fall. $245 million worth of long holdings, comprising $60 million, were disposed of. Investors keep a careful eye on betting markets and market indices.

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