Home News Bitcoin, Ethereum Prices Fall Along With Tech Stocks.

Bitcoin, Ethereum Prices Fall Along With Tech Stocks.

by ALAN KABIR

 

Bitcoin, Ethereum Prices Fall Along With Tech Stocks

“This is confirmation that bitcoin works as a risk asset,” explains Noelle Acheson, head of market research at crypto lender Genesis Global Trading. Since the release of the December Fed minutes on Wednesday, Bitcoin has lost approximately 6%. Ether, the world’s second-largest cryptocurrency by market value, has lost approximately 9 percent. The declines were sparked by Federal Reserve minutes that revealed officials are considering a faster rate hike schedule this year. Holding unpredictable investments that yield little income becomes less appealing when interest rates climb, compared to government bonds.

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