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Bitcoin's Fragile Recovery Amid Rate and Geopolitical Risks

Investing.com News •
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Bitcoin rebounded to $67,843 on Friday, but its gains remain tenuous as interest rate uncertainty and geopolitical tensions continue to pressure crypto markets. The crypto market saw a 2.8% weekly decline, with Bitcoin down 25% year-to-date. Traders are wary of Federal Reserve rate hikes and geopolitical risks, including Iran tensions, which have driven investors toward gold and dollars. Altcoins also underperformed, with Ethereum falling 1.5% and memecoins plunging 11% this week. Market sentiment remains fragile, as rate hikes and geopolitical instability threaten to derail crypto's recovery.