Ether, the 2nd-largest cryptocurrency by market value, also sharply declined, losing more than 7%
Bitcoin has just recorded its largest drop since early August, hitting a one-week low. The fall was part of a broader decline in digital assets, with major tokens such as Bitcoin and Ether seeing sharp price decreases.
Ether, the second-largest cryptocurrency by market value, also sharply declined, losing more than 7% before recovering slightly to trade at around US$2,463. Mr Powell’s remarks last week provided the clearest signal that the Federal Reserve might soon cut interest rates, which are currently at their highest levels in over two decades. Now, major tokens are losing those gains and falling back in value.Sven-Göran Eriksson, 76, former England manager, passes away
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