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The cryptocurrency markets and the USA equities markets witnessed profit-booking this week because the macroeconomic knowledge hinted towards continued fee hikes by the Federal Reserve. (BTC) is down greater than 4% and the S&P 500 fell 2.7% to document its worst week of the yr.
The CME FedWatch Device reveals a 73% likelihood of a 25 foundation factors fee hike by the Fed within the March assembly however after the hotter-than-expected inflation readings in two weeks, the likelihood of a 50 foundation level fee hike has began to slowly acquire traction.
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