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Cryptos trade lower as Bitcoin struggles to hold $29k
Little changed for the cryptocurrency market over the weekend as Bitcoin (BTC) continues to trade near $29,000 while investors await this week’s Consumer Price Index (CPI) reading and its implications on interest rates. Stocks climbed higher on Monday amid conflicting statements from Federal Reserve officials, with Fed Governor Michelle Boman saying she supports raising rates again to help bring down inflation while New York Fed President John Willams said, “I think we’re pretty close to what a peak rate would be.” At the market close, the S&P, Dow, and Nasdaq all finished in the green, up 0.90%, 1.16%, and ... (full story)