Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months



Since the Federal Reserve raised U.S. borrowing costs by 75 basis points a week ago, the dollar index has rallied 4% while the S&P 500 has dropped by 6.4% and the British pound has crashed to an all-time low against the greenback. Bitcoin, however, has remained locked between $18,000 and $20,000.



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