Analysis
Rising Inflation Has Lead To Tech Stocks And Crypto Decline
Due to rising inflation, the US Federal Reserve has raised interest rates by 0.5%. This has not only been affecting tech stocks but also the cryptocurrency market since their performance is closely related. Bitcoinย ($BTC) and Ethereumย ($ETH) have a strong correlation with Nasdaq Composite Index today.
๐ https://cryptorank.io/performance
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