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Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch.
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Bitcoin dropped below the $20,000 mark on Saturday, extending a brutal slide in cryptocurrencies.
The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. The last time bitcoin fell below that level was December 2020.
Ether, the second-largest token,…
