Business
Bitcoin Falls as it Fails to Sustain Earlier Recovery
Bitcoin falls after failing to sustain a recovery overnight following a rebound in U.S. tech stocks.
Receding fears over an artificial intelligence bubble, hopes for a Ukraine peace deal and remarks from Federal Reserve officials leaning towards a December interest-rate cut boosted tech stocks and lifted bitcoin overnight.
“Still, the cryptocurrency remains on track for its worst monthly performance since 2022, having lost nearly 20% since the start of the month,” Deutsche Bank analysts said in a note.
Continue Reading
