<ul><li>The crypto market faced a sharp downturn, with Bitcoin and Ethereum dropping around 10% in the past 24 hours.</li><li>Bitcoin hit a low of $93,000, its lowest level since mid-November.</li><li>Ethereum fell by almost 15%, reaching $3,100, its weakest position since late November.</li><li>The sell-off was attributed to the Federal Reserve's tightened stance on monetary policy and lack of support for a proposed government Bitcoin reserve strategy.</li></ul>

Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated

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