Shares of several popular altcoins, including Bitcoin SV (CRYPTO: BSV), are trading lower amid overall market weakness as traders continue to digest Wednesday's Fed rate hike announcement. Cryptocurrencies have been seen by some investors as a speculative hedge against inflation and the Fed's plans to curb inflation could weigh on the space.
An increase in yields has pressured the broader market, with tech and growth stocks receiving a brunt of the selloff.
