Bitcoin Rejected at $29K, Arbitrum's ARB Dumps 20% Daily: Weekend Watch

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Bitcoin Rejected at $29K, Arbitrum's ARB Dumps 20% Daily: Weekend Watch
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The recently-launched ARB token, as well as STX, are today's poorest performers.

The recently-launched ARB token, as well as STX, are today’s poorest performers.

The primary cryptocurrency’s climb had culminated at jumping to $28,800 mid-week ahead of the Federal Reserve’s decision on whether to continue to increase the interest rates. As many local banks struggled due to the high rates, many experts believed the Fed would finally revert from its policy. and jumped to over $28,000 by Friday. It kept climbing and even briefly spiked above $29,000 for the first time since June last year.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:However, it failed there, and the subsequent rejection pushed it south hard. As of now, BTC struggles below $27,500, while its market cap is back down to $530 billion.

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