After CoinDesk released this story, losses in the cryptocurrency and U.S. stock market worsened. Bitcoin (BTC) revisited its 2022 low of around $17,100, and ether (ETH) returning to its post-Merge low of $1,160. The CoinDesk Market Index (CMI) recently was down 5.2% from 24 hours earlier. The S&P 500, the benchmark for American equities, fell to its low of the day.
