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Bitcoin Suffers Steepest Drop in 10 Days as US Monetary Policy Causes Short-Term Jitters

Bitcoin Suffers Steepest Drop in 10 Days as US Monetary Policy Causes Short-Term Jitters



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13 Comments

  1. “No workplace accidents in 10 days!”

    “Lowest murder rate in the past 10 days!”

    “Our business has been a lead innovator in our field for 10 days!”

    Are any of these impressive statements? No? Then, why should I be bothered by this?

  2. At this point I have accepted that things might be slow for a while. My long term opinions of crypto haven’t changed though, so it just means more opportunities to accumulate!

  3. tldr; Bitcoin’s price fell to its lowest point in over a week on Monday. The move marked the largest single daily loss for the bulls after dropping 6.2%, the most since May 28, amid sell pressure egged on by fading bullish investor sentiment. Meanwhile, Deutsche Bank has said the US could be in for one of its worst inflationary periods in history with government spending and loose monetary policy likely catalysts.{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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