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Bitcoin reclaims $59,000 level on Fed and Morgan Stanley boost

Sumary of Bitcoin reclaims $59,000 level on Fed and Morgan Stanley boost:

  • Price of the world oldest cryptocurrency, bitcoin, surged past the $59,000 level on Thursday after the US Federal Reserve kept its zero-rate outlook and Morgan Stanley became the latest major corporate to jump on the crypto bandwagon…
  • The Fed continued to project near-zero interest rates at least through 2023 despite upgrading their US economic outlook and the mounting inflation worries in financial markets…..

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