Bitcoin Plunges Below $60K as Japan’s Rate Hike Rattles Global Markets

Bitcoin has continued its downward trajectory. The crypto asset plunged to a new three-week low on Sunday. The development came as Japan’s rate hike effects continued reverberating across the global market. Bitcoin (BTC) piled losses on Sunday as the wider global market sell-off continued into the weekend, buoyed by Japan’s move to hike rates for the second time in 17 years.    The world’s largest crypto asset by market cap plunged below $60,000 on August 4, barely a week after it rallied toward the $70,000 mark on the back of Donald Trump’s pro-crypto speech at the Bitcoin 2024 conference in

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