Bitcoin drops 16% over the week
Bitcoin's value decreased by approximately 16% over the week, reaching around $61,000, amid expectations of interest rate hikes following a strong employment report for May. Meanwhile, cryptocurrency founders exited the selling market, along with declines in other digital currencies such as Ether, which dropped 20% to its lowest level in 14 months; Ripple, which declined 15%; and Solana, which fell more than 20%.
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