CandleFocus What’s Behind Bitcoin Price Drop? Political Chaos or US Fed Meeting?
2024-09-16
Author: Content Editor
The price of Bitcoin experienced a drop below $60,000, reaching a low of $58,112. This decline has left the crypto community confused, as recent rumors of a 50 basis points (bps) Federal Reserve rate cut had caused rallies in stocks, cryptocurrencies, and gold. Additionally, the ongoing political turmoil surrounding the upcoming 2024 US presidential election and reports of assassination attempts on Donald Trump are also impacting the markets.
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