Explainer: Does the cryptocurrency crash pose a menace to the fiscal procedure?

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration

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WASHINGTON, May well 11 (Reuters) – On Tuesday, bitcoin fell briefly beneath $30,000 for the first time in 10 months, whilst cryptocurrencies in general have misplaced practically $800 billion in current market price in the previous month, according to details website CoinMarketCap, as investors fret about tightening monetary policy.

In comparison with the Fed’s very last tightening cycle which began in 2016 crypto is a a lot larger current market, elevating fears about its

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