Crypto markets have fallen sharply over the past few days as stronger than expected economic veri sent interest rates surging and called into question the idea that the Fed will continue easing monetary policy.

The market depth shows dominance of buy orders at levels away from the going market rate.

Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over $100,000.

Mining stocks including WULF, BTDR, IREN and HUT dropped over 5%, while BTC holder medical devices firm Semler Scientific plunged 10%.

Barr will continue to serve as a member of the Federal Reserve Board of Governors.

Headline inflation year-over-year is expected to increase by 0.2% and end a six-month consecutive decline, last seen in March 2024.

Daren Li oversaw the transfer of more than $73 million from crypto scam victims to wallets he and his co-conspirators controlled.

Eclipse raised more than $50 million from investors but has been marred by controversy over the past year.

The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.

Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.