Bitcoin (BTC) and the Broader Market Follows the U.S Equities into the Red
From fxempire.com
It was a bearish day for Bitcoin (BTC) and the broader crypto market on Wednesday. Bitcoin fell by 1.65% to end the day at $41,676, with resistance at $42,500 pegging Bitcoin back on the day. Elsewhere, Litecoin (LTC) slid by 3.77%, with Ethereum (ETH) ending the day down by 2.39%. Cardano (ADA) was amongst the biggest losers on the day, however, sliding by 8.29%. Movement across the crypto market was once more aligned with the U.S equity markets mid-week. Market angst over inflation and FED monetary policy continued to weigh on riskier assets. The NASDAQ followed Tuesday’s 2.60% tumble with a 1.15% slide. Things ...
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