Cryptocurrencies
Bitcoin, Ether Decline as Risk Aversion Spreads to Crypto Market
- No. 2 token Ether extends retreat in wake of US ETF launches
- Crypto weakness follows the worst S&P 500 drop since 2022
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Ether, the second-largest token, paced a drop in digital assets following a slump in equities that spread unease in global markets.
Ether slid as much as 7.8%, the most in three weeks, and was trading at $3,160 as of 12:40 p.m. Thursday in New York. Market-leader Bitcoin was down approximately 2% to $64,950.