Bitcoin extending its weakness

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Bitcoin continues to lose ground, now trading at $112,500, while Ethereum has returned to the $4,000 level, clearly aiming to break through it. A sharp sell-off in US equities and stock indices has dragged down the cryptocurrency market as well. Investors, fearing further declines, began offloading risky assets en masse, including cryptocurrencies. The initial trigger for the sell-off was concern over the Federal Reserve's continued restrictive stance on interest rates. Recent inflation growth data is forcing the Fed to adopt tighter monetary policy
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