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Bitcoin turns positive after overnight sell-off briefly pulls it below $56,000 - TL;DR CNBC

Bitcoin turns positive after overnight sell-off briefly pulls it below $56,000

Publishing timestamp: 2024-09-04 16:11:16


Summary

Bitcoin slid back toward $55000 overnight as it caught up with broader market sell-off. Tech stocks struggled in U.S. trading Tuesday, with sector coming off its worst day since September 2022. Analysts warn that cryptocurrency could slide back to $50000 in September as traders wait for direction on U.S. interest rate cuts and presidential election.


Sentiment: MIXED

Tickers: COINMSTRBTC.CM=.N225

Keywords: microstrategy incbreaking news: investingbitcoin/usd coin metricsbreaking news: marketsbusiness newsinvestment strategycryptocurrencycoinbase global incbitcoinmarketstechnology

Source: https://www.cnbc.com/2024/09/04/crypto-market-today.html


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