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Hedging against US dollar decline: Bitcoin rises after Fed signals loose monetary policy

March 19th, 2021
Categories: News

Link: https://www.rt.com/business/518457-bitcoin-rise-fed-dollar-decline/

The world’s most valuable cryptocurrency climbed 6% over the past 24 hours, trading at $58,480 per token at 10:39 GMT. Another daily surge has been reportedly evoked by the latest decision of the US Federal Reserve to keep interest rates close to zero at least through 2023. The move predictably caused deep concerns among crypto investors, bolstering the cryptocurrency’s appeal.

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