"Crypto Market Volatility: Bitcoin and Ether Prices Plummet, Fed Chair's Statement Key"
TL;DR Summary
Bitcoin and Ether both experienced significant declines, with Bitcoin dropping below $60,000 and Ether falling under $3,000. Market strategist Joel Kruger believes that the correction is not over yet, pointing to the crucial support level of $59,000 for Bitcoin. The decline reflects a cooling-off phase after a multi-month rally, and large investors have not started buying the dip at current prices, indicating potential for further weakness or consolidation before a turnaround.
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