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Bitcoin has fallen below $60,000, and Ethereum experienced a sharper decline, reflecting a broader sell-off in tech stocks and increased anticipation of a Federal Reserve rate hike. This market downturn, described as "painful," has also impacted other major altcoins like XRP and Dogecoin, alongside crypto-related stocks. BlackRock contributed to the market's weakness by selling over $610 million in Bitcoin and Ethereum. The total value locked (TVL) in decentralized finance (DeFi) has decreased...
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