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Bitcoin Price Recovery Faces Headwinds
The BTC/USD pair has pared back some of the gains it made last week as some investors started to book profits. Bitcoin price was trading at $85,800 on Monday, up from last month’s low of $80,495. It remains much lower than the year-to-date high of $126,300. Bitcoin Price On Edge Amid Fear in the Market The BTC/USD pair rebounded by over $10,000 last week as investors bought the dip and as the odds of Federal Reserve interest rate cut soared. Data on Polymarket showed that the odds that the bank will cut rates in its final meeting of the year moved to over 80%. This is a big increase considering that the odds ... (full story)
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