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Earthquake in the crypto market: Bitcoin and altcoins are crashing as hopes for interest rate cuts fade and trade tensions escalate.
The cryptocurrency market took a severe hit on Friday, July 4, as Bitcoin and most altcoins recorded a sharp decline amid multiple pressures including intense profit-taking, strong U.S. job data that disappointed investors' hopes for a near-term interest rate cut, along with growing fears of a new trade war. #contentstar# #BOME#