Cryptocurrency News: Modest Losses on Wednesday
There was a bit of volatility in crypto on Wednesday, but most of the market continued the weeks’ trend of trading in a very tight range.
Shortly after the close of the U.S. stock market, bitcoin (BTC) was changing hands at $94,700, down just 0.4% over the past 24 hours. BTC was lower by nearly 2% at one point alongside a sizable early decline in stocks.
Hit harder during the early decline, altcoins also rebounded, but underperformed bitcoin The CoinDesk 20 slumped 2% in the last 24 hours, with litecoin (LTC), ripple (XRP), avalanche (AVAX) and chainlink (LINK) all dropping roughly 4%.
Crypto equities were modestly lower, but bitcoin miner Hut 8 (HUT) was a notable underperformer, falling 5.7%.
The major U.S. stock averages tumbled 2% or…
