Crypto Market Volatility Continues: Bitcoin, Ether, and Altcoins Experience Sudden Drops and Rises

Bitcoin's price dropped to around $29,300, down 3% in the past 24 hours, following a massive sell order on Binance and UK hot inflation data. Ether also dropped below $2,000 for the first time in almost a week. Most major cryptos were in the red, including DeFi tokens such as Uniswap's UNI and Aave's AAVE. Decentralized exchanges volumes had been surging amid growing concerns about their centralized counterparts. The SEC reopened a proposal from last year that would target DeFi exchanges for regulation.