Bitcoin's market value has dropped 3.35% to US$66,986.06. This recent fluctuation is part of the cryptocurrency market's ongoing volatility, which affects investor strategies and the broader economic outlook. Bitcoin and Ethereum prices dropped due to potential interest rate cuts. This week is crucial with new CPI data and FOMC's interest rate decisions. High interest rates have increased selling pressure, reducing interest in Bitcoin. Bitcoin's price has fallen, with crucial support between US$64,000 and US$65,000. If it falls below, the next demand zone is between US$54,000 and US$56,000. A turnaround is expected due to the upcoming FOMC meeting and new CPI data.
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