The global cryptocurrency market cap edged up 0.6% to $1.64 trillion as major coins traded in the green at the time of publishing. Bitcoin moved between a low of $42,298.30 and a high of $43,494.25 on Monday. High costs of borrowing are impacting risk assets after the Federal Reserve maintained the interest rates between 5.25% and 5.5% at the end of last month. This month, Federal Reserve Chair Jerome Powell admitted that inflation was not “dead” and that the U.S. central bank would wait for “more good data” before taking a call on cutting rates. His comments poured cold water over expectation…

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