Ethereum price
Ethereum’s price fell to $2,761.32 amid a significant selloff in the cryptocurrency market, which wiped out over $500 billion in total market value. This downturn has been attributed to heightened trade tensions between the U.S. and China, along with aggressive policy shifts from the Federal Reserve. Investors are reacting to these factors, leading to panic selling and a broader decline in digital asset prices. With these developments, the cryptocurrency market is currently facing one of its toughest periods in recent months. The pressure from external economic policies continues to affect market sentiment, resulting in further losses across various digital currencies.
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