Bitcoin and most major altcoin have been selling off as crypto investors eye the prospects of interest rates in the US marching higher, faster, and more aggressively than most had expected just a few months ago.
The most recent price plunge comes as the Federal Reserve also takes baby steps towards potentially launching a US digital currency, akin to electronic cash that would be backed by the central bank.
The report reached no conclusive answers, instead wading into the pros and cons of any decisions.
The sharp sell-off in digital assets also came a day after the Russian central bank announced draft proposals seeking to ban all cryptocurrency trading and mining.
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