Cryptocurrency Market Update (Sept 16, 2024): Bitcoin, Ethereum, and Major Altcoins in Decline
Bitcoin (BTC) is currently hovering around $58,757.33, down by 2.05%. The price dip comes amid market uncertainty tied to news about Trump, a possible Federal Reserve rate hike, and the upcoming U.S. presidential elections. However, trading volumes for BTC have risen by 111% over the previous day, indicating strong activity. As market conditions stabilize, Bitcoin may have a chance to bounce back and reclaim the $60K level.
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