has once again entered a downtrend after the cold shower delivered by SEC Chair Jerome Powell, who made it clear that the regulator will continue its series of rate hikes until the desired inflation target is reached. After that, Bitcoin tumbled to $17,000, ETH fell back to $1,200 and alternative currencies lost the gains they achieved throughout the week.
Unfortunately, up to 100 million of SOL could be held in the wallets of stakers who withdrew their assets from staking contracts in a panic after it became clear that SOL was the main, if not the only, source of liquidity for FTX.
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