Bitcoin's Price Volatility Continues Amidst Regulatory and Economic Uncertainty

TL;DR Summary
Bitcoin fell below $25,000 as the Federal Reserve signaled more interest rate hikes and regulators cracked down on the cryptocurrency industry. The SEC has sued Binance and Coinbase for operating illegally in the US and offering unregulated securities. The lawsuits could set a precedent for the treatment of crypto firms in the US and potentially lead to an existential crisis for the industry.
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