falls to $63k as Fed rate cut talk sparks stock rally By Investing.com

From Investing.com

August 1, 2024 2:15 am:

Bitcoin price fell 2.9% to $64,256.2 after Fed talks of rate cuts, little support from Wall Street rally.
Crypto market sentiment hampered by fears of US government big Bitcoin sell-off. GOP’s Trump crypto-positive promises wane as Democrat Harris gains battleground states lead over Trump.
Fed signals September rate cut possibility, pushing Wall Street higher. Positive outlook for crypto markets as lower US interest rates expected. Global risk appetite low with Japanese markets tumbling after Bank of Japan announcement boosting yen.

XRP rally stalls as altcoins sink with broader crypto market tracking Bitcoin decline.
XRP slides 5.7% after unfounded rumors around SEC lawsuit settlement. Ethereum falls 3.7% to $3,179.26, while Dogecoin and Litecoin drop 6.9% and 5.1% respectively.
Meme token Shiba Inu also decreased by 3.9%.

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