Bitcoin’s price headed toward a new local peak of just over $61,000 but was halted in its tracks and pushed south by over two grand.Last Friday, US Fed Chair Jerome Powell said it was time for the central bank to follow the example set by its European, Canadian, and UK counterparts and to start lowering interest rates. That, combined with RFK’s withdrawal from the US presidential election race and his support for Trump, sent bitcoin flying from around $60,000 to just over $64,000 on Saturday.
That’s when the bears really stepped up on the gas and pushed BTC south hard. In a matter of hours, the assetThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:some traction on Thursday and jumped to 61,200. Nevertheless, that rally was short-lived as well and BTC dropped badk down to $58,800. Despite recovering some ground now, it is still well below $60,000. Its market cap struggles at under $1.
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