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The New Daily
The New Daily
Tony Sycamore

Rate hikes, Bitcoin’s plunge and robust jobs data among this week’s top market events

Bitcoin's plunge was one of the major finance news stories this week. Photo: Getty/TND

It’s been another wild ride on Wall Street this week as the aftershock of last week’s red-hot US inflation data permeated across US equity and bond markets.

And it was a horror week for the ASX200, which was down more than 5 per cent at one point as jittery investors lost faith in central banks’ ability to tame inflation without driving economies into recession.

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