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Bitcoin Falls Under High Selling Pressure, What Will Shoot Its Price?

  • 1 min read
  • Bitcoin

Bitcoin and other major altcoins have displayed a correlation between macroeconomic factors and virtual currencies. After the August CPI data release, almost all the crypto assets started dropping. The report data showed a higher inflation rate, increasing fear and crashing the prices of cryptocurrencies.

The FOMC meeting was scheduled to hold previously. But ahead of the meeting, Bitcoin had been subjected
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