Bitcoin Plunges Below $60,000: Weak US Economy and Fed Uncertainty Fuel Massive Sell-Off
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The cryptocurrency market faced significant volatility this week, primarily due to developments in the United States. Bitcoin experienced a substantial decline, losing $10,000 in value. The weak US economy and uncertainty about the Federal Reserve's policies were primary drivers of this massive sell-off.
These economic factors and policy uncertainties led investors to offload their holdings, contributing to the drastic price drop this week. The impact on the broader cryptocurrency market has been notable as well.
Source: en.coinotag.com ↗
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