The broader crypto market losses earlier gains as U.S. Federal Reserve Bank of New York President John Williams agreed that Fed officials forecast rates in a range between 5 and 5.25% for the year 2023 is still reasonable.
Bitcoin price fell over 2% from the day high of $23.3K to $22.7K. The broader crypto market followed suit and altcoins such as Ethereum, Dogecoin, Cardano, Shiba Inu, and others also fell over 2%. Ethereum price trades at $1,633, down 2% from the 24-hour high of $1,688.
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