Bitcoin crash below $60,000 triggers $1 billion loss as markets now price Fed rate hike by October

Bitcoin price fell below $60,000 this week and touched its lowest level since October 2024 as traders abandoned expectations for interest-rate cuts and began preparing for the Federal Reserve to raise borrowing costs later this year. According to CryptoSlate's data,… Bitcoin price fell below $60,000 this week and touched its lowest level since October 2024 as traders abandoned expectations for interest-rate cuts and began preparing for the Federal Reserve to raise borrowing costs later this year. According to CryptoSlate's data, the largest digital asset dropped more than 4% in the last 24 hours to as […] The post Bitcoin crash below $60,000 triggers $1 billion loss as markets now price Fed rate hike by October appeared first on CryptoSlate.