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Bitcoin: Short-Term Selling Pressure Building Amid Fed Rate-Cut Uncertainty

Pelican Press

By Pelican Press,
in World News

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The cryptocurrency market has seen a sell-off in the past few days, which looks more like a short-term correction from a long-term view. The drop in , , and other cryptocurrencies was driven less by the Fed’s recent and more by uncertainty about when the next cut will happen. Markets currently expect two more by the end of the year. Technically, Bitcoin’s key level is around $108,000 per coin.

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