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Ethereum is partially responsible for this feat, has it has recorded weekly gains of about 30% with Ether breaking new highs with Ether hitting $4,000 on the FTX exchange.
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Just last Friday, the S&P 500 had closed at a record high. This week, the stock market can’t seem to find its footing, with the major indexes slumping again Tuesday.
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Oil rebounded in post-market trading after an industry report showed declining U.S. inventories.
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