Markets: Bitcoin, Ethereum extend losses

Markets: Bitcoin, Ethereum extend losses

Bitcoin and Ethereum fell on Thursday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies on market concerns that the U.S. Federal Reserve may increase interest rates further to tackle inflation.

See related article: Why crypto crashes are just like Nascar collisions

Fast facts

  • Bitcoin fell 2.19% to US$20,832 on Thursday at 4 p.m. in Hong Kong, after gaining 14.89% over the past seven days, according to data from CoinMarketCap. Ethereum lost 3.37% to US$1,529 but…


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