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Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000

From cnbc.com

Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve’s next rate decision. The price of bitcoin dropped more than 4% to $66,475, according to Coin Metrics, extending a decline that began Friday when bitcoin retreated from the $70,000 level. Ether fell 6.1% to $3,452.02. Cryptocurrencies broadly, along with crypto-related equities, were in the red. Coinbase and MicroStrategy were each down more than 4%, while miners Marathon Digital and Riot Platforms both lost more than 2%. Bitcoin losses may have been triggered by a wave of long liquidations, which forces ... (full story)

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  • Category: Fundamental Analysis