Cryptocurrencies lost momentum on Thursday, tumbling sharply after the outcome of the Federal Reserve’s Wednesday Open Markets Committee meeting gave digital coins a fleeting boost.
After briefly appearing to decouple from risk-sensitive stocks, Bitcoin (BTC-USD), Ethereum (ETH-USD) and its crypto cohorts ended Wednesday’s whipsaw session in the red, along with Wall Street. The reversal signaled the correlation with equities was not likely to end anytime soon, especially with the Fed poised…
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