Why is the market down today?
The crypto market is down due to several factors. The U.S. Federal Reserve's recent interest rate hikes have led to increased market volatility, and regulatory concerns continue to weigh heavily on investor sentiment. Additionally, recent significant sell-offs by major holders of Bitcoin and Ethereum have exacerbated the decline. The overall market sentiment is cautious, with many investors opting to stay on the sidelines until there is more clarity on regulatory frameworks and macroeconomic conditions.
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