(Bloomberg) -- Bitcoin sank to a two-week low as demand for dedicated US exchange-traded funds dries up and investors question the Federal Reserve’s scope to...
-- Bitcoin sank to a two-week low as demand for dedicated US exchange-traded funds dries up and investors question the Federal Reserve’s scope to lower interest rates quickly.Nvidia Looks to Extend AI Dominance With New Blackwell Chips
Bitcoin’s slide comes amid uncertainty over whether above-target inflation will lead Fed policymakers to trim rate-cut projections at their meeting on Wednesday, portending a less favorable backdrop for speculators. “Risks are thus still considerable for continued amplified downside volatility stemming from long liquidations,” K33 Research’s Anders Helseth and Vetle Lunde wrote in a note.
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