Bitcoin Dips Below $70K, Fed Rate Cuts in Focus
Update: 2025-11-18
Description
Bitcoin and Ethereum plummeted this week, with Bitcoin dipping below sixty-nine thousand dollars and Ethereum falling to around three thousand five hundred dollars. This downturn is attributed to uncertainty over the Federal Reserves future monetary policy, which has led to a more cautious approach from investors. Higher interest rates, which could be on the horizon, typically negatively impact riskier assets like Bitcoin. Additionally, regulatory concerns and environmental worries about Bitcoin mining are also influencing the market.
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