Cryptocurrency Market Slumps Bitcoin Falls
The digital currency market experienced a collective decline today, Thursday, following the recent rally. Most major cryptocurrencies fell, led by Bitcoin, which dropped by 1.12% to approximately $65,634. This decline was driven by profit-taking and a decrease in risk appetite amid market anticipation of U.S. dollar interest rate prospects and their impact on market movements. As a result, the market is heading toward a natural correction after previous gains, with new catalysts expected to determine the next direction.
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