Bitcoin briefly exceeded $65,000 yesterday, but the subsequent rejection pushed it south hard by over two grand, and the asset is well below $63,000 now.The previous business week went mostly sideways for BTC as it remained below $60,000 for most of it. However, that all changed on Friday afterin the US. First, Fed Chair Jerome Powell asserted that the time to cut interest rates has come, with most experts anticipating a slash in September.
Then, RFK dropped out of the 2024 US presidential elections and publicly endorsed the self-proclaimed ‘pro-crypto’ choice – Donald Trump. Both these news propelled an impressive rally for bitcoin, as it shot up by over four grand by Saturday morning.at just over $65,100. Since then, the cryptocurrency has lost more than two grand and now struggles below $63,000 despite theThis is all you need not to miss any price action in the raging crypto markets.
Cardano, Bitcoin Cash, Polkadot, Tron, Dogecoin, and Toncoin have declined by somewhere between 3-4%. ETH, BNB, SOL, XRP, and AVAX are also in the red, albeit in a less painful manner. The cumulative market capitalization of all crypto assets has seen over $50 billion gone in a day, and is down to just under $2.3 trillion now.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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