Cryptocurrencies
Bitcoin Falls Below $20,000 as Hawkish Fed Continues to Weigh on Riskier Assets
- Bitcoin, Ether and other cryptos all decline as US stocks fall
- Makes sense volatility picks up as risk aversion kicks in: TDA
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Bitcoin dipped below $20,000 once again, as hawkish comments from the Federal Reserve about inflation and the economic slowdown continue to weigh on riskier assets.
The largest digital token fell as much as 2.3% on Tuesday to trade around $19,723, while other cryptocurrencies including Ether, Polkadot and Dogecoin also declined. An index of 100 of the largest digital coins fell 2% at one point. US stocks also posted losses, with the S&P 500 shedding as much as 1.5% in what’s likely to be its third straight day lower.