• Ethereum prices slipped to $1,912.54.

• According to The Kobeissi Letter, the selling pressure led to a loss of about $150 billion in crypto markets over 48 hours.

• Crypto-linked equities, including Strategy, Bitmine Immersion Technologies, Strive, Coinbase and Robinhood Markets, fell alongside cryptocurrencies.

Bitcoin (BTC) dropped below $69,000 late Thursday for the first time since August as multiple headwinds, including inflation concerns, rising interest rates, and the ongoing challenges around Nvidia Corp. (NVDA), weighed on the asset.

BTC prices slumped nearly 7% over the past day, falling to $68,529.96 at the time of writing. Meanwhile, Ethereum (ETH) prices slipped to $1,912.54.

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