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Bitcoin Falls to 12-Week Low Amid Concerns Over Federal Reserve Rate Policy
(2 hours ago) · 1 source · Summarized by CryptoBipto
Bitcoin dropped to its lowest price in 12 weeks as fears about the Federal Reserve's interest rate decisions weighed on markets. The decline has reversed much of the gains Bitcoin made during the summer rally.
WHY IT MATTERS
The Federal Reserve is the central bank of the United States, and one of its main tools is setting interest rates — essentially the cost of borrowing money.
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SOURCES
- decrypt.co
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