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Aiming to tame galloping inflation in 2022, the Federal Reserve early final 12 months launched into a string of charge hikes, taking its fed-funds charge from a spread of 0% to 0.25% to the present 5.25%-5.50%. That historic tempo of financial tightening was at the very least partially accountable for the massive decline within the value of bitcoin, which has dropped from almost $69,000 late in 2021 to shut out 2022 at round $16,000.
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