Cryptocurrency prices marching in step with equity markets

Published by
City AM

By Darren Parkin The cryptocurrency market seems to be back in stride with equities as it loses ground on its gains earlier this week. Bitcoin, at $16,765, is trading down 1.5% in the last day, while Ethereum has shed 2.39% off its price. Third-gen cryptocurrencies such as Solana and Chainlink are also in the red. Traditional markets have continued their downward trend following the most recent inflation data earlier in the week, which investors took as an indication that interest rate hikes won’t be going away anytime soon. The SP500 is down by 1% while the Nasdaq Composite has lost 2% in the…

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