Bitcoin sinks below $71,000, stocks close at session lows, as 2026 Fed rate cut hopes fade further

Bitcoin has dropped below $71,000 as investor sentiment weakens amid fading hopes for a Federal Reserve rate cut in 2026. This decline in cryptocurrency prices coincides with stock markets closing at session lows, reflecting broader economic concerns. Analysts suggest that the uncertainty surrounding interest rates is impacting both crypto and equity markets. The shift in expectations regarding monetary policy is contributing to increased volatility in financial assets.

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