Tag: Finance and Markets
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BTC drops below $100k as Outlook of Higher Rates Hits Crypto Market
Bitcoin, the world’s most well-known cryptocurrency, has taken a significant hit and tumbled below the $100,000 mark, according to Markets Insider. This comes amidst a hawkish rate outlook that’s weighing heavily on the volatile digital currency market. Economists and market observers attribute this drop to the anticipations of sharp interest rate increases by various central…