Bitcoin Drops to Two-Month Low as Rate-Hike Fears Spark Investor Sell-Off
Bitcoin, the world’s largest cryptocurrency by market cap, experienced a sharp decline, dropping to a two-month low on Thursday. This drop comes after months of trading in a narrow range, and it can be attributed to the fear of an imminent interest rate hike. As investors’ risk appetite waned, Bitcoin tumbled down, causing a ripple effect across the entire crypto market.
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