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Headline : Bitcoin price today: falls to $62k as regulatory jitters, rate fears weigh

Read more from the original article on here at ng.investing.com.





Tags : #bitcoin #price #today #falls #62k #regulatory #jitters #rate #fears #weigh


No. of Paragraph 18

Investing.com-- Bitcoin price slid on Wednesday, further reversing a rebound seen over the weekend as persistent concerns over more regulatory scrutiny against the cryptocurrency industry kept traders largely wary of buying in.

Broader crypto prices were also pressured by uncertainty over U.S. interest rates, after several Federal Reserve officials signaled this week that the central bank was more likely to keep rates unchanged in 2024. The dollar rebounded from recent losses after their comments.

Bitcoin fell 1.8% in the past 24 hours to $62,336.7 by 08:21 ET (12:21 GMT). The world’s largest cryptocurrency remained comfortably within a trading range seen for most of the past two months, as momentum in the token waned after it hit a record high in March.

Capital flows data released earlier this week also showed that crypto investment products, particularly Bitcoin, saw a third straight week of steep outflows as hype over exchange-traded funds launched earlier this year ran dry. 

Read more from the original article on here at ng.investing.com.


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