Live markets: Bitcoin gives up $77,000 as interest rates continue surge, stocks continue slump
CoinDesk·
60-second summary
Bitcoin is currently trading below $77,000 as interest rates continue to surge, weighing on risk assets. The cryptocurrency is feeling the pressure alongside stocks, which are also experiencing a slump. With the Federal Reserve hinting at further rate hikes, investors are taking a cautious approach, causing crypto markets to turn lower in morning U.S. trade on Tuesday.
Crypto markets have turned lower in morning U.S. trade on Tuesday as the idea of coming rate hikes takes a toll on risk assets.