This week, the crypto market has experienced significant volatility, with Bitcoin (BTC) and Ethereum (ETH) being the main focus. After experiencing significant selling pressure early in the week, Bitcoin dropped from around $58,448 to $52,560. This pressure was mainly caused by concerns about the possibility of an interest rate hike by the US Federal Reserve, triggering selling in the crypto market and other risk assets.
Nevertheless, Bitcoin managed to maintain a critical support level around $52,000, demonstrating resilience amidst bearish market sentiment. Long-term holders remain optimisti
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