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Crypto Buyers Flee the Market As Headwinds Intensify, Global Market Cap Falls Below $1T

According to CryptoSlate data, the total crypto market cap fell below $1 trillion, marking a three-week low. Similarly, market leader Bitcoin lost $22,000 as bears took control.

Recent days have seen the build-up of notable headwinds, including Silvergate going into voluntary liquidation and mounting speculation that the Fed will exercise a 50 basis point hike after the upcoming FOMC meeting scheduled for March 22.

(By Samuel Wan)

Crypto
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