BTC Dips Below $23.5K; The Crypto Bear Market Will Test Thailand’s SEC

The largest cryptocurrency by market capitalization was recently at roughly $23,350, down slightly over the previous 24 hours. Bitcoin finished its second consecutive positive week, rising more than 13% from its Monday low, at one point topping $24,500 amid hopeful signs the economy was slowing enough for the U.S. central bank to soon consider scaling back interest rate hikes. For July, bitcoin rose over 23%, while ether soared more than 55% to change hands a little under $1,700.

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