Bitcoin Slumps to $45K Amid Hawkish Fed, Buying Activity Remains Positive

Bitcoin Slumps to $45K Amid Hawkish Fed, Buying Activity Remains Positive

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Weakness in the top cryptocurrency led to a broader fall in the crypto market. In the past 24 hours, ether (ETH), Solana’s SOL, and XRP fell 5%, while Avalanche’s AVAX and Polkadot’s DOT fell over 6%. Dogecoin’s DOGE was the only gainer among majors, buoyed by optimism around Tesla (TSLA) CEO Elon Musk’s appointment to the board of social media platform Twitter (TWTR), which is being viewed as a positive sign for the meme coin.

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