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The New Daily
The New Daily
Tony Sycamore

Market Wrap: Battered Bitcoin, high inflation and melting gold prices dominated markets this week

Bitcoin dived 18 per cent this week, weighed on by falls on Wall Street.

US stockmarkets plunged as stubbornly high inflation persisted in the US, sparking fears the Federal Reserve would unleash even more aggressive tightening measures.

Another tough week for the ASX200, falling over 3 per cent, as May lived up to its reputation as a volatile one for the local stockmarket.

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