What Happened and Why it Matters
Bitcoin slipped as much as 7.4% to about US$96.8k in New York before rebounding above US$100k in Asia. From last month's record high, it is now down more than 20%, which meets the technical definition of a bear market. Ether fell harder on the day and is roughly 30% off its August peak. The sell-off arrived alongside a broader de-risking in high-beat equities, AI leaders gave back gains, and a firmer US dollar as markets trimmed near-term expectations for. . .
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