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Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K

This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.

The Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)
The Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)