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The Fed’s Federal Open Market Committee (FOMC) meets next on June 13-14, and markets overwhelmingly expect the central bank to again boost rates – a sharp change from just one month ago, when investors were nearly certain the Fed would pause in its rate hike cycle. That switch in attitude over the past few weeks has taken its toll on bitcoin, which tumbled from nearly $30,000 to the $27,000 level it was at just prior to this morning’s data.
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