Bitcoin slipped early Thursday as the recent crypto recovery stalled despite renewed confidence that the Federal Reserve will soon start cutting interest rates.
The world’s largest cryptocurrency was trading at $111,000 early in the day, down 0.4% over the past 24 hours. It reached a high of $112,529 late Wednesday. Bitcoin remains more than 2% higher so far in September as it looks to bounce back from a late August slump, which saw it drop from a record above $124,000 to around $108,000.
Other cryptocurrencies were mixed—Ethereum, the second largest coin, rose 0.9% to $4,392 while XRP was 0.2% lower at $2.84. Solana fell 0.8% and Dogecoin was down 0.5%.
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