Crypto markets bleed $182bn amidst Fed uncertainty

Crypto markets plunged almost 5% on Monday, shaving about $182 billion of the total market’s value as Bitcoin fell to $105,540. Both the overall market and the main cryptocurrency have recovered slightly. They are now worth $3.6 trillion and $107,149, respectively. While it’s unclear what triggered this latest sharp decline, it comes on the back of US Federal Reserve Chair Jerome Powell signalling last week that a December interest rate cut is not a foregone conclusion. This “dampened investors’ expecta ...