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Benzinga
Benzinga
Business
Tanvir Zafar

How The Fed's Interest Rate Hike Affects Crypto

This week has been quite the rough one for the cryptocurrency market. After enduring several days of consistently falling prices last week, we saw Monday come with even more bad news as coin prices took further tumbles.

To be fair, this drop in prices isn’t affecting just the crypto market. Traditional stocks are still seeing drops as well, many of which appear to have dated back to the past few weeks. It is the type of market correction that provides an opportunity for many people to buy the dip -  as well as the type of correction that also scares a lot of investors.

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