Bitcoin and Ether fell Thursday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies on concerns about the direction of the U.S. economy and interest rates. Prices also lost ground overnight after the U.S. said it would take what it called “a major, international cryptocurrency enforcement action.” This turned out to involve the relatively market-underwhelming arrest of the Russian owner of Hong Kong-registered exchange Bitzlato Ltd., but prices didn’t recover. The total crypto market capitalization over the 24 hours fell 2.4% to US$968.1 billion, while trading volume rose 28.5% to US$61.6 billion. (forkast)
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Markets: Bitcoin, Ether Fall on U.S. Economy Worries, Hawkish Fed Comments on Interest Rates
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