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Bitcoin rallies above $49K following Fed FOMC announcement of rate hikes in 2022
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Bitcoin (BTC) climbed by over $2,000 on Dec. 15 as markets quickly reacted to news that the United States Federal Reserve would raise interest rates and curtail its bond-buying program starting in 2022.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $49,310 on Bitstamp, its highest since Dec. 12, when the price briefly popped above the $50,000 mark.
The momentum came after the Fed hinted that it could raise its benchmark rate three times next year, surpassing investor
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