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Zenger
Zenger
Mehab Qureshi

Cryptocurrencies Decline As Interest Rate Hike Fears Grow

ETH will return to being deflationary again, but it might take more accommodative monetary policy for that to happen. JAKUB PORZY/NUR via GETTY IMAGES

Major cryptocurrencies experienced a decline on Tuesday evening, reflecting the growing acceptance of the notion of prolonged higher interest rates in financial markets.

Thursday is set to bring more key inflation data, as investors eagerly watch for any signs of a U.S. recession and potential interest rate hikes.

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