Ethereum (CRYPTO: ETH), the second largest cryptocurrency by market cap, is down 7% in the past 24 hours after recovering as much as 30% in recent weeks.
Bitcoin’s (CRYPTO: BTC) all-time high (ATH) and growing popularity have changed its lack of correlation with equity markets. Amid the heavy debate, analysts have suggested an increasing connection between tech stocks and cryptocurrency prices.
With the latest federal reserve 0.75% interest rate hike, the bear market flipped into the green with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains hitting 6% and 11%