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Study finds Bitcoin fell within 30 days in all seven Fed restart-hike cases

NewsFeeds update

Since 2016, Bitcoin fell within 30 days in all seven historical cases where the Federal Reserve resumed raising rates after a pause, with a median decline of 2.4%, a study found. It noted 2018 as a close parallel, when Bitcoin fell 42% between the US midterms and the December rate rise, while cautioning the sample is only seven cases.

BitcoinOdailyAIBearish

Read the original on Odaily

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Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.