Cryptocurrency losses accelerated, with popular Defi tokens such as Cardano and Avalanche falling more than sector bellwether bitcoin, as risk aversion sweeps through financial markets.
Since peaking at just above $US48,000 in late March, bitcoin – and other tokens – have been dragged lower by concerns about tighter monetary policy. Even the buzz around last week’s bitcoin 2022 conference in Miami wasn’t enough to reverse the trend.
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