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The post-pandemic bull market is now getting choppy as it encounters a number of real-world headwinds -- the reduction of monetary stimulus, growing conflicts over further fiscal stimulus, slowing liquidity growth, official acknowledgment of persistent inflation, and the growing concern of market participants that a Fed “policy mistake” is unfolding.
That choppiness has been evident in bitcoin and other cryptocurrencies, which in spite of their strong performance during the pandemic rally, have experienced sharp declines from their recent all-time highs.
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