By Staff Reporters
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Bitcoin, the world’s largest digital asset by market value, fell as much as 1.2% to trade around $18,878, failing to sustain an earlier advance. Ether, the second-largest cryptocurrency, also dropped. Most major digital assets were posting declines as of 1:45 p.m. in New York.
The downturn occurred as US stocks turned lower, with the S&P 500 on pace for a sixth session of losses. Global financial markets have been gripped by volatility as central banks continue to promise that they’re going to keep raising interest rates to fight inflation that’s proven stickier than many had thought.
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CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Alternative Investments, Glossary Terms, Investing | Tagged: Bitcoin, Bitcoin and Ether Fall, ether |
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