Bitcoin price falls to $62k due to rate cut expectations and dollar strength

From Investing.com

October 08, 2024 01:39:16 AM:

Bitcoin’s price dipped as investors expect slower U.S. rate cuts, with the dollar’s strength weighing on cryptocurrency markets. Traders anticipate Fed signals and key inflation data this week. Altcoins followed Bitcoin’s decline, with most major cryptocurrencies losing ground. Despite recent gains, market sentiment shifts based on political predictions for the 2024 election.

Read more at Investing.com: falls to $62k as rate jitters persist By Investing.com