Bitcoin price falls. Why gold may drive the next crypto move.
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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