Part of the reason behind this sharp decline in the value of Bitcoin is down to policy changes from the US Federal Reserve , as its chair, Jerome Powell, declared last December that the monthly rate at which it reduces asset purchases would be doubled by the Federal Open Market Committee (FOMC).
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Mumbai: Cryptocurrencies crashed as the threat of Russia invading Ukraine escalated amid border skirmishes , resulting in the crypto investor community offloading their risky digital assets to protect portfolios against further price drops.
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