CoinDesk·3 min read·medium
Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report
O
Omkar Godbole
✦AI Summary
Bitcoin and other major cryptocurrencies have declined as investors increase bets on a potential Federal Reserve interest rate hike this month. This shift in market sentiment follows hawkish comments from Fed officials and rising oil prices, which have heightened concerns regarding persistent inflation.
Bitcoin BTC $ 62,486.86 has dropped by over 2% in 24 hours to $62,380. Ether (ETH), XRP (XRP) and other tokens are also nursing similar losses, according to CoinDesk data.
businesscryptoeconomyworld
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