Bitcoin Price Prediction: Navigating Moody's Rating Cut and Banking Crisis
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The BTC/USD pair is currently experiencing a decline of nearly 0.50%, trading at $29,597 as it braces for the impact of the upcoming US Consumer Price Index (CPI) release.
Amidst this market backdrop, Bitcoin continues to demonstrate its resilience despite challenges such as Moody's rating cut and a banking crisis.
Additionally, Galaxy Digital, buoyed by the surge in Bitcoin's value and its diverse business ventures, has reported impressive earnings. However, Bitcoin finds itself under pressure due to the strength of the US Dollar.
In this Bitcoin price prediction, we delve into the key factors shaping the cryptocurrency's journey in the face of these dynamics.
Bitcoin's Resilience Amid Moody’s Rating Cut and Banking Crisis
Moody's downgraded 10 US banks and may downgrade Bank of New York Mellon, US Bancorp, State Street, and Northern Trust
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