On the non-crypto side, a number of equities-related factors are translating to negative sentiment in the crypto market. This week Microsoft (NASDAQ:MSFT) lowered its profit and revenue outlook, citing challenging macroeconomic conditions. The U.S. Federal Reserve signalled in its periodic “Beige Book” that economic activity may have cooled in some parts of the country and the Fed is about to reduce its $9 trillion asset portfolio to combat persistent inflation.
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Source: Cryptocurrency - investing.com
