Bitcoin Buckles to $27.4K as Crypto Rally Fizzles on Macro Jitters
BTC dropped 3.5% over the past 24 hours, while ether lost near 4% amid a dismal first day of ETH futures ETF trading in the U.S.
24H Price
The Rally price is $0.0061606629, a change of -0.24% over the past 24 hours as of 9:14 p.m. The recent price action in Rally left the tokens market capitalization at $30,876,580.84. So far this year, Rally has a change of -17.06%. Rally is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
BTC dropped 3.5% over the past 24 hours, while ether lost near 4% amid a dismal first day of ETH futures ETF trading in the U.S.
WTI crude oil has surged 30% higher this quarter, a rally that could feed into inflation, forcing central banks to keep rates elevated for longer than expected.
Many in the sector are down 50% or more over the past two months.
Bitcoin's bounce amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana.
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