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Monday, June 9, 2025

Crypto market stands like Nasdaq in the early 2000s. Here's why - MarketWatch

Distributed Ledger
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market.
Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email to share your personal stories with crypto.
As the Federal Reserve raised its benchmark interest rate for the fourth time this year on Wednesday to cool off inflation, I caught up with Ben McMillan, founder and chief investment officer at IDX Digital Assets, to chat about the recent status of the crypto market.
Crypto in a snap
Bitcoin BTCUSD gained 0.8% over the past seven days, and was trading at around $23,908 on Thursday, according to CoinDesk data. Ether ETHUSD advanced 6.4% over the seven-day stretch to around $1,732. Meme token Dogecoin DOGEUSD went down 3.5% while another dog-themed token, Shiba Inu SHIBUSD,...



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