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The Fed isn’t going to save bitcoin’s bear market

Macro headwinds could make it much tougher for digital currencies to revive

A bear market has settled in for tech stocks as the Fed turns hawkish. It doesn’t bode well for bitcoin and other cryptocurrencies.

The Nasdaq Composite Index has now slumped more than 20% from its peak last November, putting the tech-heavy benchmark in a bear market.

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