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المشهد العربي
Cryptocurrency falls on rate hike outlook
Cryptocurrency markets experienced a decline on Tuesday amid rising expectations of further interest rate hikes by central banks. The probability of the Federal Reserve doing so in September has increased to 67%, while there is a 90% chance that the Bank of Japan will raise its interest rates at its upcoming meeting. Meanwhile, Bitcoin held steady at $78,500, recording a 25% increase in August, its best performance since November 2024.
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