As many have pointed out over recent weeks, the big reason why cryptos like Bitcoin are falling alongside tech stocks, experts argue, is the Federal Reserve’s more hawkish turn in its November meeting , indicating an accelerated pace of tapering and rate hikes—a shift away from policies that buoyed crypto since 2020.
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Bitcoin fell to a two-week low Tuesday after Russia ordered troops into two separatist regions in eastern Ukraine. Geopolitical tensions and climbing inflation are among the key factors weighing down on bitcoin’s price.
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