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Bitcoin falls below $63K over rate worries
Bitcoin prices have fallen below $63,000, currently trading near $62,800, due to concerns over the ongoing increase in U.S. interest rates and investors pulling out of Bitcoin exchange-traded funds. The market is awaiting U.S. Personal Consumption Expenditures (PCE) data, which could influence the direction of monetary policy. Meanwhile, Bank of America suggests that the cryptocurrency regulation bill could benefit Coinbase, despite facing obstacles in passing through Congress.
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