Bitcoin and Ethereum have just given up all fresh gains earned following this week’s optimistic CPI report.
Bitcoin, the largest cryptocurrency by market capitalization dropped nearly 4% over the past 24 hours and is now hovering at just above $17,000, per CoinGecko. Bears have also regained control of Bitcoin on the weekly basis, with the cryptocurrency down 1.2% over the past seven days.
Ethereum, meanwhile, has plummeted nearly 6% in the past day, according to CoinGecko. It’s still roughly…
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