Fear of rising interest rates keeps Bitcoin below $63,000
Bitcoin's price dropped to around $62,925, influenced by investors' concerns over rising interest rates and tensions between the United States and Iran, with expected outflows from exchange-traded funds totaling $56.6 million this week. Other cryptocurrencies such as Ethereum and Ripple also experienced declines of 4.7% and 1.7%, respectively, amid anticipation of how geopolitical tensions and inflation will impact the cryptocurrency market.
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