The decline in equities also passed on to the crypto markets, which functions as a risk asset class in investor portfolios. Bitcoin (BTC) and ether (ETH), the world’s two largest cryptocurrencies by market capitalization, fell 4% in the past 24 hours to support levels. Bitcoin fell under $37,000 to hit support at $35,500 before gaining over $1,000 at the time of writing.
Solana, Avalanche Post Biggest Declines After Hawkish Fed Outlook – CoinDesk
