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Bitcoin Price (BTC) Remains Under Pressure as Stocks, Gold, Bonds Soar

September 15, 2024
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Whereas it stays up within the air about whether or not the Federal Reserve will minimize its benchmark lending fee by 25 or 50 foundation factors subsequent week, it is a certainty the U.S. central financial institution will embark on its first easing cycle since 2019. On this, the Fed will likely be becoming a member of different main Western central banks – the European Central Financial institution, the Financial institution of England and the Financial institution of Canada – all of whom have already minimize rates of interest, some greater than as soon as. Whereas Japan hasn’t but joined in and in reality has made the primary preliminary steps in direction of tightening, its benchmark coverage fee of 0.25% is only some foundation factors above zero.



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Tags: BitcoinbondsBTCGoldPressurePriceremainssoarstocks
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