Following a notable upsurge in the cryptocurrency markets last weekend, digital assets have maintained their gains, driven by the Federal Reserve's recent statements.
Read MoreFollowing a notable upsurge in the cryptocurrency markets last weekend, digital assets have maintained their gains, driven by the Federal Reserve's recent statements.
Read MoreBitcoin (BTC) experienced a slight decline to $69,200 early Tuesday following a brief surge above $70,000 late Monday, driven by profit-taking. The movement in BTC prices mirrored fluctuations in major U.S. stock markets, reflecting overall market sentiment.
Read MoreBut the cryptocurrencies took a severe tumble, with many double-digit drops in a few of hours. However, price reductions were also seen in more established sectors, such as the US stock markets, where the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 all dropped from over 5,210 to under 5,100 in a matter of minutes.
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