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Bitcoin, other cryptos drop as Fed raises interest rates

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Welcome to The Daily Forkast – March 23, 2023 – presented by Megha Chaddah for the latest in the crypto markets.

Bitcoin fell on Thursday morning in Asia along with most other top 10 non-stablecoin cryptocurrencies after the US Federal Reserve hiked interest rates on Wednesday. Bitcoin dropped 2.53% to US$27,355. Ether’s at US$1,739. XRP was the biggest loser sliding 8.66% to US$0.4219.

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