Regulators in China taking a tougher stance on cryptocurrencies could partially explain the most recent rout in bitcoin prices. But some Wall Street watchers think the U.S. Federal Reserve’s new hawkish stance on interest rate policy and bond buying is also playing a key role.
“It is our belief that part of the momentous rally (an important part) has been helped by the Fed’s largess. Bitcoin and other cryptos should rally further on their own over the years, but we believe that they have…
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