Bitcoin Experiences Sharp Decline Amid Waning US ETF Demand and Federal Reserve Policy Expectations
In a sudden market shift, Bitcoin faced its most significant drop in nearly two weeks, plunging as much as 7.4%. This downturn mirrors a cooling interest in US exchange-traded funds (ETFs) dedicated to cryptocurrencies and scaled-back predictions of a more lenient monetary policy from the Federal Reserve. As a result, Bitcoin's value dwindled, hovering around $65,400, marking the largest intraday decrease since March 19.
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