Summary
The article states that risk assets, including cryptocurrencies, experienced a significant drop after a remark made by the Federal Reserve Chair. Bitcoin fell to $42,300 from its daily high of $43,700, down 2.3% in the past 24 hours. The CoinDesk 20 index, which covers 90% of the total market value of digital assets, also declined by nearly 3% during the same period.
Key Points
1. The remark about the possibility of stricter regulation for cryptocurrencies caused risk assets, including cryptos, to decline sharply.
2. Bitcoin (BTC) experienced a drop from its daily high of $43,700 to $42,300, resulting in a 2.3% decrease over the past 24 hours.
3. The CoinDesk 20 (CD20) index, which serves as a comprehensive benchmark for the crypto market and includes 90% of the total market value of digital assets, also experienced a decline of nearly 3% during the same time period.