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According to the data, the price of Bitcoin (BTC) has additionally lost approximately 2% in the last 24 hours and is trading at $66,200 at the time of writing.
Much of today's decline came in the last hour and a half, with BTC suffering a sudden loss just before hitting $67,000.
The decline was blamed on a dot plot released by the Fed after it left interest rates unchanged on Wednesday. The chart in question predicted that while three interest rate cuts were previously expected, only one rate cut is expected this year, and that would be just 25 basis points.
However, scatter plots are published by the Fed as forecasts only and are subject to change.
However, as we have previously stated as Bitcoinsistemi.com, recently there has been pressure from Bitcoin miners and miners have been sending BTC to exchanges at an accelerated pace.
