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have been in a strong bullish trend as investors bought the dip. This rebound coincided with the overall rebound of American stocks and the relatively weak US dollar. The US dollar index, which soared to $109.30 last week, pulled back to about $107.
Bitcoin rose as investors lowered their expectations of the Federal Reserve. After last week’s inflation data, most analysts warned that the Fed will likely deliver a 100 basis point rate hike. Now, there are signs that the bank will deliver a relatively smaller rate hike.
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