Bitcoin And Ethereum Are Hanging By A Thread — Here’s The Trade

It was a difficult extension of cryptocurrencies like ethereum and bitcoin.

These are the two largest cryptocurrencies by market cap and it hasn’t been easy to get them working lately.

Bitcoin is posting its fifth consecutive daily loss, while Ethereum is posting its fifth weekly loss in six weeks.

While US stocks managed to reach all-time highs over the past week – with the exception of the Nasdaq – Bitcoin and Ethereum came under intense selling pressure.

Like tech stocks, bitcoin and ethereum did not react to the Fed’s hawkish stance on Wednesday.