Reuters
Cryptocurrencies were buoyed as the S&P 500 rallied after a policy announcement by the Federal Reserve to raise interest rates, snapping a five-session losing skid. The value of the global crypto market has tumbled 70 per cent to under US$900 billion from a peak of US$2.97 trillion in November, CoinMarketCap data shows.
The chaos in the crypto market has spread to other companies, with a number of exchanges slashing workforces.
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