Major cryptocurrencies fell in the European morning, continuing the subdued mood after the US Federal Reserve lowered its interest rate cut outlook on Wednesday. Bitcoin and Ether both fell about 1% in 24 hours, according to data from CoinDesk Indices. Bitcoin fell to just below $66,000, near the lower end of the $72,000-$65,000 range it has been trading in for the past month, while Ether traded around $3,500. The CoinDesk 20 Index (CD20), a gauge of the broader cryptocurrency market, fell about 1.8%. Markets in many countries are closed for the Muslim festival of Eid al-Adha. Meme coins led the decline, with SHIB down 3.5% and DOGE down 1.7%.
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Major cryptocurrency stocks slump following hawkish Federal Reserve stance
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