Bitcoin drops to $53K, Ether turns negative for 2024 as panic grips markets

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By Maya Cantina

Bitcoin drops to $53K, Ether turns negative for 2024 as panic grips markets

In addition to the Bank of Japan’s somewhat unexpected move last week, the US Federal Reserve also surprised some — not by keeping rates steady, but by appearing somewhat ambivalent about cutting rates in September, which almost all market participants assumed was a sure thing.

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