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Ethereum 100% finished in 2023? ??Bitcoin and other cryptocurrencies were falling Wednesday amid creeping doubt that the U.S. government will soon approve Bitcoin exchange-traded. The U.S. Federal Reserve's stance on interest rate hikes has moved the crypto market upside down. Bitcoin crossed the level of $31, in July. Bitcoin's price has been on a downtrend for three consecutive days due to a hawkish stance from the Federal Reserve and significant Bitcoin.