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Bitcoin Price News: $60K Retest Will Determine BTC’s Future
Bitcoin (BTC) has gone down by 19% in the past 30 days as market sentiment has soured due to a deterioration in the macroeconomic backdrop. The end of the war with Iran did not provide the sentiment boost we initially expected, and the latest rally succumbed after Kevin Warsh gave his first speech as Chairman of the Federal Reserve. The market’s focus right now seems to be on interest rates, as inflation in the United States is running hotter. The new head of the Fed highlighted that inflation is a “choice”, and market participants interpreted that as a hawkish comment that points to a potential rate increase ... (full story)