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Crypto sell-off extends as Fed casts a shadow over digital assets

A sign that crypto is in the doldrums is the muted reaction to a reliable spark: an Elon Musk tweet

Wednesday, 19 January 2022 at 12:13

The Federal Reserve is casting a shadow over cryptocurrencies.

Like stocks, cryptocurrencies have extended a selloff to start the year because of expectations that the central bank will raise interest rates as early as March.