CoinCodex: Bitcoin Plunges to $18,500 as Fed Mulls Record 100 BPS Interest Rate Hike
The total crypto market cap plunged by more than -8% to $925 billion to start off the week, leading to massive dips in the prices of most digital assets. Bitcoin has fallen from above $22,000 it was trading at last week to the $18,000 territory, for a total 7-day price drop of over -17%. Despite the highly anticipated Merge upgrade, Ethereum performed even worse in the same time period, losing -26% of its value in the past week alone.
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