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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.

Former President Trump ‘Safe’ After Gunshots Nearby, Campaign Confirms

Trump spokesperson Steven Cheung addressed the situation in a statement: “President Trump is safe following gunshots in his vicinity. No further details at this time.” The specifics of the incident are still unclear, but law enforcement is investigating whether the former president was the intended target.