Crypto Blog
Bitcoin peaked at $72,000 last Friday, dropped below $70,000 quickly, and fell to $66,000 ahead of the CPI announcement and the Federal Reserve’s rate decision.it was likely gearing up for a new all-time high after touching $72,000. However,
After a brief surge to $70,000 on Monday, the bears resumed control and initiated a leg down that drove BTC to as low as $66,200 . The negative trend was briefly interrupted yesterday when the asset again touched the $70,000 mark. The rally occurredagain, currently hovering around $67,500. Lowering interest rates in the world’s largest economy will make it cheaper for investors to borrow money, which could increase interest in risk-on assets like cryptocurrencies.
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