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Bitcoin Is Ending September With First Quarterly Loss This Year
As September comes to a close, Bitcoin is poised to end the quarter on a down note in its first quarterly decline this year. The largest cryptocurrency by market value is down about 12% since June, and traded at around $2,680 on Friday. It surged 83% in the first six months of this year, rebounding in part from a 64% plunge seen in 2022 as the digital asset sector was roiled by scandals and bankruptcies. Bitcoin has languished in a narrow trading range since late in the second quarter amid an uncertain macro outlook. The Federal Reserve left interest rates unchanged last Wednesday, but signaled that interest rates ... (full story)