Your Evening Briefing: Bitcoin Evangelists Look Into the Abyss
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A technician installs ethernet and power cables for new mining rigs at the Minto cryptocurrency mining center in Nadvoitsy, Russia, on Dec. 17, 2021. Bitcoin extended its five-week slide from an all-time high with risk sentiment across global financial markets dwindling.
Photographer: Andrey Rudakov/BloombergThe era of historically low interest rates is coming to an end, and not just in America. As early as next week, the Bank of Canada will start a campaign of tighter monetary policy that will test the country’s debt-laden consumers and reveal whether its economic recovery has staying power. In the U.S., volatility that’s gripped markets of late shows no sign of letting up, as the S&P 500 notched its worst week since March 2020. Option expirations of more than $3 trillion are adding to the turbulence. Here’s your markets wrap.
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