From Investing.com: 2024-06-26 16:00:26

Bitcoin, the largest cryptocurrency, saw a steep drop to $58,528 on Monday amid doubts about Federal Reserve rate cuts. Despite Fed Governor Michelle Bowman’s comments on delaying rate decreases, Bitcoin remained relatively stable, trading at $61,595. The market is closely watching the Fed’s policies for potential impacts on cryptocurrencies and traditional investments.

Read more at Investing.com: Fed Key Remark Shakes Crypto Market; What’s Next? By U.Today