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Cryptocurrencies: Bitcoin fell by 4.4%

03/02/2025
Categories: Economy/Forex

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As investors prepared for tariffs on Europe from the Trump administration, cryptocurrencies started the week in the red.

Bitcoin fell by about 4.4% to 97,622 dollars, falling back under the 100,000 dollar mark, its lowest level in nearly three weeks. Ether fell 15% to $2,812.8, its lowest level since

early November.

Macroeconomically, data released on Friday showed that the Personal Consumer Expenditure (PCE) Price Index in the United States rose by 0.3% last month, the largest increase since last April, amid a sharp rise in consumer spending, which suggests that the Fed is unlikely to be in a hurry to Start reducing interest rates again.

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