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The surge in rates of interest performed at the least a component in bitcoin’s tumble from greater than $69,000 in late 2021 to only above $16,000 on the finish of 2022. Persevering with charge worries this 12 months have possible performed a component in capping bitcoin’s bounce. To the extent that the most recent CPI report confirms expectations that the Fed might again off of charge hikes, it may very well be bullish on the margin for bitcoin.
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