Cryptocurrencies
Bitcoin Slips at Start of Key Week for Markets Awaiting Fed Rate Cut
- Federal Reserve’s looming policy change has investors on edge
- Bitcoin has fallen back below the closely watched $60,000 mark
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Bitcoin retreated ahead of a widely expected interest-rate reduction by the Federal Reserve, a looming policy change due later this week that has global markets on edge.
The largest digital asset slid as much as 3.9% to $57,505 on Monday. Tokens including second-ranked Ether and meme-crowd favorite Dogecoin also nursed losses.