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| By FXTrading.com
The cryptocurrency crash continued over the weekend, with Bitcoin plunging beneath the key threshold of $20,000, and Ethereum tumbling beneath the $1,000 level. Some observers blame the Fed’s tightening of monetary policy for the crash, claiming that it has prompted the withdrawal of investors from risky asset classes. Can cryptocurrency prices bounce back, or has the bull run for Bitcoin come to an end?
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A rise in Eurozone inflation to 8.6% in June is putting even greater pressure on the ECB to turn hawkish and raise rates. Remarks from Christine Lagarde and other senior ECB officials is also becoming sterner, flagging the potential for further hikes after September if the problem continues. Will the ECB follow the hawkish lead of the US Fed, and what will the implications be for Eurozone economies?
| By FXTrading.com
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