Bitcoin price hovers around $37,000

Bitcoin has been struggling this week along with equities as the Federal Reserve sets out its roadmap to raise interest rates.

The Federal Reserve on Wednesday signaled it could "soon" raise interest rates for the first time in three years, paving the way for a March liftoff as policymakers seek to keep prices under control and combat the hottest inflation in nearly four decades.

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A rate increase would mark the first since December 2018. 

Heading into Friday, bitcoin wa down in eight of the past nine days, losing 1.71% over the last three days.

Bitcoin is down more than 21% month-to-date.

 

 

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