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CoinGape

Crypto Market Selloff: Here's Why Bitcoin, ETH, SOL, XRP, DOGE Fell Sharply

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Summary
Nutrition label

60% Informative

Bitcoin price fell to $ 58 K due to FOMC meeting and technical chart reasons.

Bitcoin and ETH prices saw a sudden selloff amid another assassination attempt on Donald Trump at his Florida golf club Sunday .

Altcoins such as Solana (SOL), XRP , Cardano ( ADA ), and Dogecoin ( DOGE ) also dropped mirroring Bitcoin and Ethereum fall.

The market expects rate cuts for the first time since 2020 , with speculation of a 50 bps rate cut.

VR Score

38

Informative language

24

Neutral language

30

Article tone

formal

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English

Language complexity

31

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not offensive

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not hateful

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Time-value

short-lived

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