FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su
NEW YORK: Bitcoin fell for a fourth day as expectations for the biggest rise in US interest rates in three decades diminishes demand for riskier assets.
The correlation coefficient between the bitcoin and US equities have climbed in the past 90 days as investors grow more risk adverse with the US Federal Reserve (Fed)pulling back on the pandemic era stimulus that is credited for helping to fuel the rise of crypto.
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