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Bitcoin drops below $60,000
Wednesday 28 August 2024 08:49 | EconomicNumber of readings: 111
[rtl]Baghdad / NINA / Bitcoin fell 6.4 percent to $ 58,777, suffering its biggest decline since the turmoil that hit global markets on August 5.
Thus, the largest and most famous cryptocurrencies in the world have fallen 20.3 percent from their highest level this year of $ 73,794, which they recorded on March 14.
In a related context, the ether currency fell by more than 7 percent, but reduced some of its losses to trade at about $ 2,466, a decline of 4.6 percent.
Cryptocurrencies received support last week from the statements of Federal Reserve Chairman Jerome Powell, which clearly indicated that the US central bank is on its way to cutting benchmark interest rates from their highest level in more than two decades.
Over the year, Bitcoin is still up 39 percent. Ether is up 7 percent. / End9[/rtl]
Thus, the largest and most famous cryptocurrencies in the world have fallen 20.3 percent from their highest level this year of $ 73,794, which they recorded on March 14.
In a related context, the ether currency fell by more than 7 percent, but reduced some of its losses to trade at about $ 2,466, a decline of 4.6 percent.
Cryptocurrencies received support last week from the statements of Federal Reserve Chairman Jerome Powell, which clearly indicated that the US central bank is on its way to cutting benchmark interest rates from their highest level in more than two decades.
Over the year, Bitcoin is still up 39 percent. Ether is up 7 percent. / End9[/rtl]
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