Bitcoin Drops Below $64,000 Amid Unexpected Chinese Rate Cut, Altcoins Tumble
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This week, China’s unexpected interest rate cut has put significant pressure on Bitcoin and altcoins.
The second such cut in a short period has spurred a global increase in risk, leading to the tumbling of Bitcoin below $64,000.
Altcoins are also significantly affected by the rate cut, causing more volatility in the market.
Source: en.coinotag.com ↗
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