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Bitcoin dips below $30,000 as investors skittish on Fed

Bitcoin US Federal Reserve United States Recession

Bitcoin fell below US$30,000 on Tuesday, hitting a 10-month low amid heavy market sell-offs on concerns over the Federal Reserve's aggressive monetary tightening and recession fears.

The last time the largest cryptocurrency by market cap traded under $30,000 was July 20, 2021, when it hit $29,301 before rebounding.

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