Hawkish Fed Chatter Has Traders Betting on 75 Basis Point Rate Hike by Shorting Bitcoin

Bitcoin (BTC) has struggled to stay above the crucial psychological threshold of $20,000 this week. The largest cryptocurrency has faced pressure – along with other risky assets including stocks – from hawkish chatter by monetary officials. On Tuesday, bitcoin dropped to as low as $18,559, which was its lowest price since June 30.

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