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Struggling bitcoin miners may be revived by Fed rate decision, regardless of cut size

Whether the Federal Reserve delivers a 25 or 50 basis point rate cut, it could mean a turnaround for bitcoin miners, which have been struggling so far this year, market participants said.

By: MarketWatch

Sep 18 2024
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4569 Views

Struggling bitcoin miners may be revived by Fed rate decision, regardless of cut size — Struggling bitcoin miners may

Whether the Federal Reserve delivers an ordinary, or slightly larger interest-rate cut on Wednesday, it could trigger a turnaround for bitcoin miners, which have been struggling with higher borrowing… [+363 chars]

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Current price of Bitcoin: Sept. 26. 2024