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Bitcoin Drifts Higher… Fed’s Rates Decision Could Drive It to $18,000 or…
Cryptocurrency prices including Bitcoin BTCUSD +0.28% drifted slightly higher Saturday ahead of an eventful macro week for markets. Highly anticipated inflation data and a likely increase in interest rates from the Federal Reserve will be the main events.
Bitcoin was changing hands at $17,174 on Saturday, up 0.1% over the past 24 hours, according to CoinDesk. The price of the cryptocurrency fell three of the past five days while stocks also had a difficult week. Ether ETHEUR +0.51% the second-largest cryptocurrency by market value, was up about 0.3% on Saturday to $1,272.
Details later…
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