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Bitcoin Slides as Fed Rate Cut Hopes Diminish


Bitcoin declined alongside broader risk assets Friday as receding hopes for US interest rate cuts dented investor appetite.

Bitcoin declined alongside broader risk assets Friday as receding hopes for US interest rate cuts dented investor appetite. The largest cryptocurrency dropped to a low of $115,122 the lowest since July 11. Ether, the second-largest digital token, was down around 3% and XRP fell 5.3%.

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