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Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains

The hawkish turn in the Fed economic projections, later confirmed by Powell in his press conference, has taken the steam out of those rallies. Bitcoin (BTC) at 19:00 UTC had returned back to $67,300, flat over the past 24 hours. U.S. stocks and bonds closed the day with gains, but well off session highs.

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