Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar’s value and pushing investors towards alternative investments.
The latest price moves in crypto markets in context for Nov. 6, 2024.
Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.
Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.
Prices had move higher early in U.S. trading on Friday alongside a soft economic veri and a rebound in stocks.
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