via BeInCrypto · By Lockridge Okoth
Bitcoin Drops Below $77,000 as Waller Speech Suggests Fed Rate Hike Risk
BTC/USDT
$17,774,602,581.89
$64,135.15 / $61,544.56
Change: $2,590.59 (4.21%)
+0.0058%
Longs pay
Bitcoin (BTC) slipped below $77,000 on Friday after Federal Reserve Governor Christopher Waller signaled openness to future rate hikes. The shift pushed traders to price a quarter-point Fed hike as early as October.
The pioneer crypto has fallen roughly 4.5% over the past week as macro conditions deteriorate. Real yields have climbed and the dollar has firmed, eroding demand for non-yielding…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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