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• Bitcoin valuation hurt by Federal Reserve and Kazakhstan uncertainty

  The value of individual Bitcoin cryptocurrency tokens has reportedly decreased by around 10.6% over the course of the past week after the United States Federal Reserve hinted that it may be about to raise that nation’s base interest rate.

  According to a report from the British Broadcasting Corporation (BBC), each of the digital units are now worth approximately £31,000 ($42,000) after beginning 2022 with a valuation in the region of £34,600 ($47,000). This decline has purportedly also been caused by recent political instability in the central Asian nation of Kazakhstan where a large amount of the world’s Bitcoin mining takes place.

  Real-world rationale:

  The BBC reported that the prospect of a rise in United States interest rates beyond their …