Bitcoin (BTC) Dips Below $96K, Ethereum’s ETH, Cardano’s ADA, Dogecoin Tumble Over 10% in Crypto Correction
Crypto asset prices slid on Thursday, building on Wednesday’s market-wide selloff spurred by Federal Reserve Chair Jerome Powell disappointing investors with his comments on U.S. interest rate cut expectations for next year.
Bitcoin’s (BTC) attempt to bounce back above $100,000 quickly faded earlier during the day and slid to the low-$97,000s during the U.S. day. It modestly recovered to around $98,000 before another leg lower brought prices below $96,000, down 4.8% over the past 24 hours.
Altcoins fared much worse, with the broad-market CoinDesk 20 Index diving more than 10% during the same period. Ethereum’s ether (ETH) dipped 10.8% to below $3,500, while Cardano’s ADA, Chainlink’s LINK, Aptos’ APT, Avalanche’s AVAX and Dogecoin’s DOGE…
