Bitcoin nears bear market lows as late summer rally fades
MARKETSFederal Reservecoinbrief/daily · 1 source
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What happened
Bitcoin's price is heading back towards levels seen in a bear market, which means a period of falling prices, and most of its recent rise has been erased. Share markets are also falling, as interest rates and the US dollar rise because the US central bank is taking a tougher stance.
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What to do
- Watch upcoming Federal Reserve policy signals, which the article links to the current rise in rates and the dollar.
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Who reported · 1 outlet
CoinDesk
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