Cryptocurrencies Fall as Fed Dissent and AI Worries Weigh on Sentiment
Major cryptocurrencies traded lower overnight as markets reacted to two FOMC members’ support for a quarter-percentage-point rate hike. The report also cited AI-trade worries and disappointing big-tech earnings updates.
WASHINGTON (dpa-AFX) - Major cryptocurrencies are trading in the overnight red zone as markets reacted to the dissent by two FOMC members in support of a quarter percentage hike. Fresh worries about the AI trade, the disappointing earnings updates from some big tech companies as well as the spike i…