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HomeLifestyleEntertainmentTech Stocks, Bitcoin Log Sharpest Loss in Months After Fed Meeting—Here’s Why

Tech Stocks, Bitcoin Log Sharpest Loss in Months After Fed Meeting—Here’s Why

Tech shares and cryptocurrencies fell sharply Wednesday afternoon after the Federal Reserve launched its December assembly mins indicating that the central financial institution is eyeing an speeded up timetable for elevating rates of interest in 2022.
The Nasdaq Composite Index fell 500 issues, or 3.2 %, to fifteen,090 at Wednesday’s shut, logging its largest one-day loss since September and faring worse than the Dow Jones and S&P 500, that have been each down greater than 1 % after the Fed mins free up at 2 p.m. Cryptocurrencies fell much more sharply, with Bitcoin down 6 % and Ether down 9 % Wednesday night time.

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