What's causing the crypto market dip today

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A hawkish Fed official and alarming outflows from the U.S.-based spot Bitcoin ETFs have helped drive the crypto market sell-off.

The cryptocurrency market took a hit today, with the total market capitalization dropping by over 4.30% to about $2.50 trillion on June 18. This plunge has left many investors scratching their heads, trying to understand the core catalysts behind this downturn and whether a recovery is on the horizon.

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