The miners, whose shares are heavily correlated to the price of the coins they prod, are reflecting declines across the crypto market. Bitcoin, the largest cryptocurrency by market cap, fell more than 5% Wednesday alone after minutes of the U.S. Federal Reserve meeting in December pointed to a possible interest-rate increase in March, which is sooner than many had expected. Ether, the second-largest, slid almost 7%. Both declined further today.
Leave a Reply