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Here’s Why Bitcoin Price Is Falling Suddenly

Bitcoin price reacts to Federal Reserve's interest rate stance, shedding 0.02% in value. Market volatility reflects inflation worries.
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Here’s Why Bitcoin Price Is Falling Suddenly

Highlights

  • Bitcoin's price drops slightly by 0.02%, currently trading at $63,078.
  • Federal Reserve statements on steady interest rates influence Bitcoin market sentiment.
  • Recent inflation data shows an increase to 2.7% in March, prompting conservative investments.

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Bitcoin Reacts to Steady Interest Rate Policy

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Bitcoin Price Slides as Interest Rates Remain High

Read Also: Vitalik Buterin Proposes To Add Quantum Resistance To Ethereum

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Maxwell Mutuma

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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