Bitcoin falls to 1-month low, diverging from stocks – Crypto News
Posted on June 21, 2024 at 10:49 am GMTBitcoin drops to its lowest level since May 15 Cryptos’correlation with equities has weakened lately On Thursday,spot Bitcoin ETF debuted in Australia Bitcoin slides below $65,000 Cryptocurrencies have come under selling pressure in the past month, with Bitcoin dropping to a fresh one-month bottom on Friday. The prospect of interest rates remaining higher for longer after the Fed’s latest dot-plot indicated one rate cut for the year has applied upward pressure both on the US dollar. In theory, such a development would [..]