Bitcoin Slumps to $45K Amid Hawkish Fed, Buying Activity Remains Positive

Weak spot within the prime cryptocurrency led to a broader fall within the crypto market. Up to now 24 hours, ether (ETH), Solana’s SOL, and XRP fell 5%, whereas Avalanche’s AVAX and Polkadot’s DOT fell over 6%. Dogecoin’s DOGE was the one gainer amongst majors, buoyed by optimism round Elon Musk’s appointment to the board of social media platform Twitter (TWTR), which is being seen as a constructive signal for the memecoin.


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