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Category: Interest rates hike

March 24, 2023Bitcoin, Federal Reserve, Interest rates hike, News

IFF economist comments on bad side of bitcoin

[ad_1] Institute of International Finance (IFF) economist Robin Brooks has derided BTC’s lack of diversification as the asset continues to face strong resistance at the $28,000 level. After the U.S. Fed announced on March 22 that it would raise interest rates by a quarter of a percentage point, the value of bitcoin dropped, bringing it […]

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