2 days, 3 hours ago
Bitcoin approaches first weekly decline since Donald Trump's victory, Fed policy dampens optimism
Hindustan TimesBitcoin is heading towards its first weekly decline as a cautious Federal Reserve policy outlook tempered optimism from Donald Trump's victory in the US presidential election. Republican presidential candidate former President Donald Trump speaks at the Bitcoin 2024 Conferenc, July 27, 2024, in Nashville, Tenn. This also marks the biggest drop since September and breaks the steady rise, more than 40% value, since Trump's election as the next US president. "Choppy price action near term ahead of a ‘bullish trajectory’ into the first quarter of 2025 is still the “most likely scenario,” Bloomberg quoted, David Lawant, head of research at crypto prime broker FalconX, as saying.
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