What happened
Cryptocurrencies lost ground Wednesday as investors continued to attempt to assess the state of the U.S. economy and what steps the Federal Reserve will need to take to rein in high inflation.
As of 1:25 p.m. ET, the price of the world’s largest cryptocurrency, Bitcoin (BTC -4.87%) had fallen 3.4% over the prior 24 hours. The world’s second-largest cryptocurrency, Ethereum (ETH -7.13%), had fallen about 4%, and meme token Dogecoin (DOGE -6.66%) was off by more…
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