Just In: Bloodbath all around
The crypto market is tanking following a negative day on Wall Street, taking Bitcoin’s price to lows it hasn’t seen in 3 months.
Hours ago, the primary cryptocurrency was trading in the upper $46k range. Beginning at around 19:40 UTC, its price collapsed down to $45k.The event hasn’t been kind to bulls. Coinglass dataThe price plunge has coincided with a 1.9% fall on the S&P, and a 3% fall on the NASDAQ.that the Fed could start raising interest rates early this year to combat inflation. US inflation was 6.8% this November – a nearly 40-year high..
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