Market Turmoil: Global Cryptocurrency Values Plummet Following Federal Reserve Announcement
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Coinbase and MicroStrategy Plunge 5% Amid Crypto Carnage
In a shocking turn of events, Coinbase and MicroStrategy have plummeted by 5% amid the current crypto carnage. This drastic decline is further exacerbated by the collapse of Bitcoin to an intraday low of $92,245.
The cryptocurrency market has been experiencing severe fluctuations since earlier today when the Federal Reserve indicated that it would scale back easing in 2025. As a result, the value of digital assets across the board has taken a massive hit.
MicroStrategy, a leading business intelligence firm that has invested heavily in Bitcoin, has also seen its stock price decline by 5%. This comes as a shock to many, considering the company’s recent efforts to diversify its portfolio by acquiring additional cryptocurrency assets.
The recent market downturn has led to widespread losses across all major cryptocurrency exchanges. According to CoinGecko data, the flagship cryptocurrency Bitcoin has tanked to an intraday low of $92,245.
As reported earlier today, a mysterious 666 BTC transfer has led to a massive puzzle surrounding half a billion dollars’ worth of Bitcoin.
Source: u.today
