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The Economic Times

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Bitcoin retreats from six-week high ahead of Fed rate decision

Bitcoin retreated from a six-week peak as global markets experienced a risk-off sentiment due to escalating Iran tensions. The cryptocurrency fell approximately 4.5% to $71,200, with Ether and Solana also declining. Rising oil prices are fueling inflation concerns, potentially delaying anticipated interest rate cuts by the Federal Reserve.

19 Mar 2026 5:59 am