Bitcoin Hits 12-Week Low as Fed Rate Fears Undo Most of Summer Rally
MARKETSFederal Reservecoinbrief/daily · 1 source
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What happened
Bitcoin has fallen back to about its August level, its lowest point in around 12 weeks. Prices are under pressure from persistent inflation, expectations of another interest-rate rise, and money leaving Bitcoin ETFs.
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What to do
- Watch upcoming US inflation data and Federal Reserve signals on further rate hikes, as the article links them to current pressure on prices.
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