Not a good day if you went long 🙀
That is, if we look at the 24h data of Bitcoin and Ethereum, the top coins have lost 7% and 6%, respectively. This erases all gains made over the last seven days.
Markets have been betting against the Fed sticking to its campaign to decisively beat back inflation. The S&P 500 has rallied more than 15% off its June lows, bouncing from $3,700 to $4,280 at the time of writing.
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