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Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening

"I don't really see a compelling reason to pause rate hikes," Fed's Mester said, validating the recent hawkish repricing of interest rate expectations in the U.S.

Bitcoin's price chart (CoinDesk/Highcharts.com)
Bitcoin's price chart (CoinDesk/Highcharts.com)