SummaryThe price of Bitcoin peaked last November as the Federal Reserve prepared the world for its move to tighten monetary policy to fight inflation.Bitcoin, like many other risky assets, has continued to suffer as the Fed has continued to tighten up on monetary policy while promising to do even more in the future.The Fed is going to tighten up even more in the future, beginning this week as the Federal Open Market Committee meets Tuesday and Wednesday.The value of the U.S. dollar should rise due to the Fed's actions as move and more international money moves into "safe-haven" assets while avoiding riskier assets like Bitcoin.Analysts believe that this move into safer assets will continue through the next year or so as the investors concentrate on safety.The Federal Reserve spent a lot of time last year trying to convince investors that it was going to tighten up on monetary policy in order to fight the growing threat of inflation.But, as the Fed continued to purchase $120.0 billion in securities every month throughout the year, investors found it hard to believe that the Fed was really going to do what it said it was going to do.Then, in October, the Federal Reserve started to reduce the amount of "excess reserves" that were in the banking system through the use of reverse repurchase agreements and the investment community began to pay attention.And, some markets began to peak as the Fed continued to act and short-term inter...
