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Bitcoin Falls to One-Week Low as the 2024 Crypto Revival Stalls

From bnnbloomberg.ca

Bitcoin and the wider crypto market retreated on Monday, with some speculators on edge ahead of a Federal Reserve meeting this week that may point to higher-for-longer interest rates. The largest digital asset dropped to a one-week low at one point on Monday before paring some of the decline to trade roughly 2% lower at $62,505 as of 12:30 p.m. in Singapore. Smaller tokens such as Ether, BNB and XRP also nursed losses. The Depository Trust Company — which provides settlement and clearing services in the US — on Friday said crypto-linked ETFs won’t get collateral value for line-of-credit facilities, stoking questions ... (full story)

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  • Category: Fundamental Analysis