Cryptocurrencies have had a bumpy start to the year amid expectations that the Federal Reserve will raise rates as early as March, explains ahirtens WSJWhatsNow
Dogecoin jumped about 10% in the two minutes after Mr. Musk’s tweet, but in the afternoon was back at pre-tweet levels, and on Monday afternoon was down about 17% since the tweet.
Since bitcoin hit its record, Coinbase is down 32%; Marathon Digital is down 60%; Riot Blockchain has fallen 49%; and MicroStrategy is off 43%.
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