Beware of a bitcoin backslide to $50,000 as it enters worst month

Bitcoin's sideways action could go on for another month as traders await a direction from U.S. interest rate cuts and the presidential election.

By: CNBC

Sep 02 2024
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Beware of a bitcoin backslide to $50,000 as it enters worst month — Beware of a bitcoin backslide

Bitcoin's poor trading action could go on for another month as traders wait for a sense of direction to emerge about U.S. interest rate cuts and the looming presidential election. August was a tough month for the leading cryptocurrency. Bitcoin slid ... [3398 chars]

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