Cryptos sink further, Bitcoin dips 4%

The price of major cryptocurrencies continued its downward trend on Thursday, with Bitcoin falling 4% to seven-month lows as investors continued to sell off riskier assets due to persistent worries about high tech valuations and mounting uncertainty about the Federal Reserve’s rate-cutting path.Bitcoin sank 4.06% at 11:57 am ET, selling for $87,753, while Ethereum slumped by 5.68% and went for $2,849 at the same time.

NN: The tulips are wilting