Leading cryptos languished for a third consecutive day, mirroring cautious wider markets, as the US Federal Reserve revealed it is willing to continue raising interest rates in a bid to tackle rampant inflation. Bitcoin fell 4.4% to US$43,439 with peer Ethereum 4.5% lower at US$3,216. The two largest cryptos by market size have now lost the 10% gains made over the last two weeks, with both trading approximately 30% below all-time highs recorded in November. Fed minutes showed the central bank believes one or more half-point increases are appropriate if inflation remains high as it vowed to slash the balance sheet by US$95bn a month.
Crypto Report: Bitcoin and Ethereum continue to fall as US Fed rattles markets
