24 Hrs
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الاقتصادية
Bitcoin falls under $80K as rate hike forecast rises
The price of Bitcoin dropped to $78,649 after strong U.S. employment data renewed expectations of a potential interest rate hike by the Federal Reserve in September, resulting in a 3.5% decline. This occurred concurrently with declines in stocks and bonds, amid an increase in non-farm payrolls and the unemployment rate remaining steady at 4.1%. This decline reflects a weakness in Bitcoin's attempt to surpass the $80,000 level and follows previous support from falling bond yields and a weaker dollar. Analysts suggest that strong economic data may boost the likelihood of a rate hike, while stocks of cryptocurrency-related companies have also decreased.
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