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Cryptocurrencies Decline, Bitcoin Falls Below $65,500

 


Cryptocurrency prices fell during trading on Tuesday amid profit-taking in a mixed reaction to China's stimulus efforts.

Bitcoin fell 0.65% to $65,488, according to data from CoinDesk.

Ethereum also lost 0.56% to $2,608.27, while Ripple was steady at 54.6 cents.

Cryptocurrencies are generally heading higher as the US presidential race approaches, which provides opportunities for digital assets to rise, especially if Republican crypto market supporter Donald Trump wins.

Data from global financial services firm Jefferies revealed that Bitcoin mining profitability fell by 2.6% month-on-month in September, as the average price of the world's largest cryptocurrency remained broadly unchanged

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