Cryptocurrency Markets Fluctuate Following Dovish Signals from the US Federal Reserve

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The cryptocurrency market has seen significant volatility, with Bitcoin$BTC falling by nearly 0.45% following hawkish signals from the US Federal Reserve regarding monetary policy.

These moves have prompted investors to sell digital assets that have seen their value soar this year.

Bitcoin fell to $93,219.04 in New York today, after hitting an all-time high of $108,000 earlier in the week.

These declines have extended to other cryptocurrencies, while stocks in Asian and European markets have recorded significant losses.

According to the data, Bitcoin-linked ETFs in the United States recorded a record outflow of $680 million last Thursday, ending a series of positive inflows in a major shift in investor sentiment towards cryptocurrencies.

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