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ECB Hikes Rates by 25 Bps as Traders Raise Bets on U.S. Fed Rate Hike

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The European Central Bank (ECB) has hiked its key interest rates for the second time this year amid concerns over rising inflation. This comes as crypto traders raise bets on a Fed rate hike, with the U.S. central bank potentially making the same decision as the ECB as soon as next week.