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Bitcoin Steady as BOE Hikes Rates by 50 Basis Points, 'Reverse Currency Wars' Gain Steam

The race among central banks to lift rates and support their currencies to keep inflation in check suggests the path of least resistance for risky assets is to the downside.

Bank of England lifted rates by 50 basis points on Thursday. (PeterRoe/Pixabay)
Bank of England lifted rates by 50 basis points on Thursday. (PeterRoe/Pixabay)