Shortly after the US Fed’s announcement about pausing the interest rate hikes, bitcoin took a sharp turn south and dropped to a multi-month low. Most altcoins are in even worse shape, with ETH, XRP, ADA, DOT, LTC, AVAX, and many others dumping by 5-7%. Last week didn’t go all that well for BTC, despite its recovery on Tuesday following the lawsuits from the SEC against Binance and Coinbase. As the weekend approached, bitcoin dumped once again from $27,000 to under $26,000. Ethereum is among the poorest performers from the larger-cap alts, having dumped by over 6%. As a result, ETH is down to a multi-month low of its own at under $1,650.
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