Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters

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The S&P 500 and the Nasdaq Composite rose 3.8% and 3.6% last week, their biggest weekly ascents since early February, even as a report showed U.S. inflation climbed to a four-decade high in November, sealing the deal for a faster unwinding of the crisis-era stimulus by the Federal Reserve (Fed). The Dow snapped a four-week losing trend with a 4% rally and bitcoin ended a three-week losing trend, adding 1.2%.


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