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The combined cryptocurrency market has dropped below $1 trillion for the first time since early 2021 with fears over inflation, the broader economy and just how far the Federal Reserve will go in tightening its monetary policy
. Markets in the U.S. are set to open sharply lower, following declines in Asian and European stocks.price has crashed to under $24,000 per bitcoin, its lowest since late 2020, and looks set to fall further.has suffered even sharper declines, losing almost 20% in the last 24 hours alone and dropping under $1,200 per ether.
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