The cryptocurrency market is known and critiqued for its enhanced volatility, a good example of which it witnessed in the past 12 hours or so when prices tumbled, leaving nearly $1 billion in liquidations.The altcoins, however, plunged hard, with numerous double-digit declines within hours.
Before that, the precious metal was on a roll, especially since it decisively broke above $2,000 earlier this year. The geopolitical tension in Europe and the Middle East propelled further gains, but Iran’sHowever, all markets were seemingly impacted by the latest comments coming from various US Federal Reserve high-ranking officials.
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