Right here’s what occurred in crypto at the moment

Right here’s what occurred in crypto at the moment. The markets continued with unstable actions that decoupled the worth motion of cryptocurrencies from equities markets. The current downturn within the crypto market seems linked to the Federal Reserve’s June 14 presser the place Fed Chairman Jerome Powell revealed that the central financial institution would pause price hikes for June.

Whereas this transfer aligned with buyers’ expectations, the crypto market really reversed course and resumed the sell-off that has been in play for the previous three weeks.

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