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BTC briefly dropped below the $60k level on Wednesday after Fed Chair Jerome Powell commented that interest rates likely won’t go down for the foreseeable future.
Bitcoin is trading close to the $64k mark as its dominance level hits 54.2%, its highest level since April 2021.
Bitcoin has lost more than 3% of its value in the last 24 hours and is now trading below the $63k level as investors remain neutral ahead of the Bitcoin halving event in three days.
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