Bitcoin price remains steady at $67k amid concerns over inflation, interest rates, and election jitters.

From Investing.com

October 24, 2024 01:41:25 AM:

Bitcoin price steadied amid election jitters and higher U.S. interest rates, trading at $67,437.9. Speculation on Trump’s potential re-election boosted Bitcoin initially, but concerns over inflation and interest rates have pressured the crypto market. Traders brace for a smaller 25 basis point cut by the Fed in November.

Solana outperformed this week, rallying to $173.068 amid increased blockchain activity and meme token speculation. Record high user numbers and a surge in speculative positions fueled Solana’s 8.4% gain. Meanwhile, Ether fell 2.4% to $2,553.24, with most altcoins trading flat to lower. In the meme token space, Shiba Inu rose 1.2%.

Read more at Investing.com: steady at $67k with focus on rates, election By Investing.com