By comparison, equities turned lower, with both the Dow Jones and S&P 500 down 0.8% and the tech-heavy Nasdaq -0.3% as risk-off appetite deepens.
Overall, the global crypto market cap increased 0.3% to $931.6B over the past 24 hours, according to CoinMarketCap data. Ether ( ETH-USD), meanwhile, advanced 1.2% to $1.36K. That's around 500 points below the bull market top in December 2017. Major cryptocurrencies such as Bitcoin ( BTC-USD) and ethereum ( ETH-USD) fared somewhat better than the broader stock market in early Tuesday afternoon trading as market participants brace for another likely aggressive interest-rate increase by the Federal Reserve's policymaking arm.īitcoin ( BTC-USD), which has been viewed as a gauge for risk tolerance and sentiment, inched down 0.4% to $19.12K at 12:21 p.m.
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