Investing.com– Bitcoin price fell on Thursday, extending a recent decline and taking little support from a rally on Wall Street after the Federal Reserve flagged the possibility of a September interest rate cut.
Sentiment towards crypto markets was largely constrained by fears of a mass sale event by the U.S. government, which was seen mobilizing about $2 billion worth of Bitcoin earlier this week.
A boost from crypto-positive promises from Republican presidential nominee Donald Trump also largely ran dry, after a Bloomberg poll showed Democratic frontrunner Kamala Harris wiped out Trump’s lead in seven battleground states.
fell 2.9% in the past 24 hours to $64,256.2 by 02:01 ET, and had fallen as far as $63,599.5 earlier in the day.
Fed talks rate cuts, but Bitcoin sees little price action
The Fed as widely expected on Wednesday, with Chair Jerome Powell flagging more progress towards…
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