After CoinDesk launched this story, losses within the cryptocurrency and U.S. inventory market worsened. Bitcoin (BTC) revisited its 2022 low round $17,100, and ether (ETH) returning to its post-Merge low of $1,160. The CoinDesk Market Index (CMI) not too long ago was down 5.2% from 24 hours earlier. The S&P 500, the benchmark for American equities, fell to its low of the day.
