Cryptocurrencies
Bitcoin Lingers Near $20,000; Ether Extends Slide Before ‘Merge’
- Bitcoin drops back in range on prospect of large Fed hikes
- Ether wavers before revamp of Ethereum to slash energy usage
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Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy.
Bitcoin fell about 1.5%to $19,937 as of 4:14 p.m. in New York after a near-10% plunge on Tuesday. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged Tuesday after rising US inflation data pointed to further large Federal Reserve interest-rate hikes.