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Bitcoin falls below $80K on rate hike fears
Bitcoin's price fell below $80,000 amid expectations of a U.S. interest rate hike following strong employment data, with the likelihood of the Federal Reserve raising rates in its upcoming meeting increasing from 49% to 60%. These expectations put pressure on high-risk assets, while oil prices rose to around $97 per barrel due to military tensions between the United States and Iran, which have heightened concerns over energy supplies.
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