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Bitcoin falls under $62K
Bitcoin's price dropped below $62,000, reaching approximately $61,721, as outflows from exchange-traded funds continued, marking the biggest loss since June. This comes amidst expectations that the U.S. Federal Reserve may extend its interest rate hikes. Additionally, cryptocurrencies have declined notably as investors show a preference for assets with clear fundamentals, with attention focused on U.S. inflation indicators to determine the future course of interest rates.
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