WASHINGTON: After a hawkish turn by the Federal Reserve (Fed) took some steam out of cryptocurrencies at year-end while largely sparing other risk assets, central bank policy is taking a key role in the debate about the outlook for tokens in 2022.
To what extent will Jerome Powell’s Fed tighten policy to stem inflation? The answer to that question will help determine whether bitcoin follows its 60% gain in 2021 with another banner year, some analysts said.
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