Aiming to tame galloping inflation in 2022, the U.S. Federal Reserve early final yr launched into a string of charge hikes, taking its fed funds goal vary from a variety of 0% to 0.25% to the present 5.25%-5.50% vary. That historic tempo of financial tightening was at the very least partially liable for the massive decline within the worth of bitcoin, which has dropped from above $69,000 late in 2021 to shut out 2022 across the $16,000 degree.
