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Why Bitcoin and Ethereum bounced back after week of brutal losses
short by Abhinav Rattan / on Monday, 6 May, 2024
Crypto markets flipped bullish after last week's carnage. Fed Chair Powell said rate hike is "unlikely". High inflation and unemployment worries have passed, says analyst. Interest rates in US have risen to record highs as Fed combats rampant inflation stoked by COVID-19. High interest rates also increase people's earnings on their bank holdings
read more at DL News