Bitcoin slumped to a more than one-month low with this year’s record-breaking rally showing signs of fatigue in the absence of fresh market catalysts.
After reaching an all-time high of almost $74,000 in March amid surging optimism over the approval of US exchange-traded funds to directly hold the original cryptocurrency, Bitcoin has retreated around 14%. Adding to the malaise is fluctuating expectations for cuts in US interest rates, which has lessened demand for most riskier assets.
Source link
Benjamin Taubman
https://www.bloomberg.com/news/articles/2024-06-21/bitcoin-slumps-to-more-than-one-month-low-as-risk-appetite-ebbs
2024-06-21 07:00:00
