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Bitcoin Slips 10% to Touch $20,000, Ethereum Down 15%

Bitcoin continued its slide overnight, with the leading cryptocurrency by market cap slipping to a new 52-week low of $20,184, according to data from CoinMarketCap. The top cryptocurrency has lost a third of its value over the past week amid rising inflation rates and an anticipated rate hike from the U.S. Federal Reserve. The market capitalization of Bitcoin has tumbled from $1.27 trillion in November 2021 to under $386 billion today. Ethereum (ETH), the second-largest cryptocurrency, is down over 15%, and is currently trading at $1,029. With a current market capitalization of $128.79 billion, Ethereum has lost almost 80% of its value since its all-time high of $4,891.70 recorded in November 2021, according to CoinMarketCap. Why is crypto crashing? The primary reasons behind today’s bearish action...

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Coinbase and Crypto Fans Suffer a Major Blow

By: Luc Olinga Coinbase  (COIN) , the most popular crypto exchange in the United States, has big ambitions.  These ambitions focus on conquering new countries, which would allow the crypto exchange to expand its audience and also increase its revenues and profits at a time when crypto trading volumes are slowing in the United States. One of the cornerstones of this international expansion is India, a country of 1.38 billion people.  "Namaste, India! 🇮🇳" CEO Brian Armstrong solemnly declared on April 4 in a blog post. He accompanied the message with the country flag. "India has built a robust identity and digital payments infrastructure and implemented it at rapid scale and speed. Combined with India’s world class software talent, we believe that crypto...

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