Bitcoin, Ethereum Hit Two-Week Lows as Fed Hawkishness Spooks Investors
Bitcoin and Ethereum tumbled to two-week lows on Wednesday as a strong dollar, hawkish Federal Reserve signals, and a broad retreat from risk assets sent both major cryptocurrencies into capitulation mode. Bitcoin opened at $62,660.11, down 2% from Tuesday’s open, while Ethereum started the session flat at $1,665.13—the lowest opening prices for both assets in…