U.S. Drives Crypto Weakness as Fed Divided on Rate Cut
Overnight crypto gains once again evaporated by U.S. morning hours as bitcoin tumbled back below $102,000 on Wednesday.
Briefly topping $105,000 earlier today, the largest crypto nosedived 3% in just a couple hours as U.S. traditional markets opened. It wasn’t just bitcoin; ether fell almost 5% below $3,400 during the same period, while Solana , and other altcoin majors suffered similar declines.
Crypto-related U.S. stocks are also taking a beating in the early session. USDC stablecoin issuer Circle (CRCL) dropped 9.5% after its third quarter earnings, while crypto miners with data center ambitions including Bitfarms (BITF), Bitdeer (BTDR), Cipher Mining (CIFR), Hive Digital (HIVE), Hut 8…
