Bitcoin has dropped below the $20,000 level once again
, Bitcoin saw a double-digit drop on Tuesday due to higher-than-expected inflation data.
The Federal Open Market Committee will convene next week in order to make a decision regarding the size of the next rate hike.price has slipped below the $1,500 level on the Binance exchange despite the Merge being a resounding success. As many expected, the upgrade was priced in by the market, which is why this underperformance should not come as a surprise. Even though Ethereum's transition to proof-of-stake took place without a hitch, it still ended up being a"sell the news" event.
The ETH token has plunged by more than 5% over the past hour alone, vastly underperforming other major altcoins.
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