STOCK MARKET NEWS: Markets lower, China refutes Fed charges, gas drops again, oil higher

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Chinese official rips US over alleged Fed influence allegations. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Bitcoin, Ethereum and Dogecoin were mixed heading into Thursday morning. early Thursday as Bitcoin was higher, but Ethereum and Dogecoin were lower.For the week, Bitcoin was trading lower by nearly 2%. For the month, the cryptocurrency was higher, gaining more than 10.4%.For the week, Ethereum was trading higher by about 6.75%. For the month, it was trading higher by more than 37%.For the week, Dogecoin was lower by more than 5%. For the month, the crypto was lower by nearly 7.25%.

"The so-called report you mentioned is political disinformation fabricated by a handful of Senate Republicans and completely ungrounded," Chinese Foreign Ministry spokesperson Zhao Lijian said at a press briefing on Wednesday."It seems that some U.S. politicians might be suffering a ‘Chinaphobia’ or persecutory delusion and displaying quite serious symptoms."

One employee attempted"to transfer large volumes of data from the Federal Reserve to an external site," while another employee gave"modeling code" to a Chinese university tied to China's central bank, according to the report. Prices have been on the decline since hitting a high of $5.016 on June 14, more than seven weeks ago.

 

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