The price of bitcoin continues to rise as investors opt for crypto assets in an effort to find shelter from the decline of the US dollar’s purchasing power. The world’s most valuable cryptocurrency climbed 6% over the past 24 hours, trading at nearly $58,480 per token at 10:39 GMT. Another daily surge has been reportedly evoked by the latest decision of the US Federal Reserve to keep interest rates close to zero at least through 2023. The move predictably caused deep concerns among crypto investors, bolstering the cryptocurrency’s appeal as a hedge against rising inflation. Also on rt.com
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