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Crypto prices continue to tank as broader market takes a severe hit following Powell's testimony

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Summary
Nutrition label

61% Informative

Bitcoin and altcoins take heat after US Fed Chair Jerome Powell 's testimony.

Over $200 million was liquidated in the crypto market amid broader macroeconomic developments.

Bitcoin (BTC) price again swooped to a $ 95 K low, whereas altcoins such as ETH , XRP , and Solana (SOL) mimicked a dipping trajectory.

Market watchers expect the looming US CPI & PPI data to contribute to the pressure on risk assets due to inflationary pressures.

Bitcoin Dips to $ 95 K, Altcoins On Edge ahead of key economic data.

Goldman Sachs Holds $1.5 billion in Bitcoin ETFs: Report.

Franklin Templeton Enters Solana ETF Race with Delaware Filing .

Solana Price Stuck Below $ 200 as SOL Founder Defends Against AAVE Creator .

VR Score

49

Informative language

44

Neutral language

10

Article tone

formal

Language

English

Language complexity

34

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links