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US stocks lose $1.25T in a day — more than entire crypto market cap

Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

US stocks lose $1.25T in a day — more than entire crypto market cap

Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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