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The Federal Open Market Committee did what the majority of analysts predicted and held the benchmark federal funds rate in the current range of 5.25%-5.50%. The move marked the fourth rate pause of the year, after the central bank held rates steady in November, September and June. Bitcoin price news The world's largest cryptocurrency by market capitalization rose almost 3% over the past 24 hours to $42,428 at 2:00 p.m. in New York, according to The Block's Price Page. Bitcoin had pulled back from an early December rally that saw the digital asset hit a yearly high of over $44,300.
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The crypto market witnessed a massive selloff in the last 48 hours, with the global crypto market cap tumbling over 5% to $1.57 trillion. Bitcoin price tumbled 7%, while top altcoins such as Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA) DOGE, and SHIB recorded major selling within a few minutes. The Crypto Fear & Greed Index slips from 82 (extreme greed) to 74 (greed). Bitcoin price plummets amid major DOJ crypto announcement The metaverse became the hottest segment of the cryptocurrency market, buoyed by Facebook’s rebranding as Meta. Although the segment has sold off since its all-time highs, metaverse- and gaming-related tokens took the top two slots in this year’s Top 10.
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Robinhood brings its no-fee ethos to cryptocurrency trading, but currently offers fewer cryptocurrencies compared to pure-play crypto platforms. Is Crypto Safe? Understanding the Success of Spot Bitcoin ETFs in Brazil
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When BTC.D begins to trend downward (as seen in the blue trend line above), while the total crypto market cap increases, it means that altcoins have started gaining a larger market share over the past week. Solana and Bitcoin failing to storm milestone Unfortunately, from 2016 to 2017, Bitcoin became increasingly unreliable and expensive. This was because the community could not reach consensus on increasing the network capacity. Some of the developers did not understand and agree with Satoshi’s plan. Instead, they preferred Bitcoin become a settlement layer.SPONSORS & PARTNERS
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