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Bitcoin closes the week falling below $23k The Fed expected | CryptoCoin Post

Bitcoin closes the week falling below $23k

The Fed expectedly raised the rate by 25 bps to 4.5-4.75%, but the bull market was stymied by bad Big Tech reports and falling US unemployment.

Weekly Digest:

MicroStrategy reported a quarterly loss of $249.7 million due to revaluation of BTC investments

ECB raises rate by 50 bps.

Court banned Curly Sam from communicating with FTX or Alameda employees

Jury finds Ilon Musk not guilty in 2018 Tesla stock buyback tweets

Ripple will help Montenegro develop a national digital currency

PayPal will lay off 2,000 employees

ChatGPT creators have launched a tool that identifies text written by AI

Coinbase stopped posting new collections on its NFT marketplace

MetaMask cryptocurrency has an educational Web3 platform

Ethereum developers launched Zhejiang test network to test the withdrawal process from the stacking

Bithumb crypto exchange owner arrested in South Korea

OKX crypto exchange delist Gemini (GUSD) stackcoin

Rates:

Bitcoin - $22,915 (↓2.20%)
S&P 500 - 4,136 (↓1.04%)
Gold - $1,877 (↓2.75%)
Oil Brent - $79.67 (↓3.10%)