Why Ethereum Is Moving Lower Today

Ethereum (CRYPTO: ETH) is falling on Friday, down 5% in the last 24 hours as of 5:36 p.m. ET. The slide comes as the S&P 500 gained 0.9% and the Nasdaq Composite rose 0.8%.The cryptocurrency is falling once again as part of a weeks-long decline for the crypto market as a whole. Despite growing hope that the Federal Reserve will cut interest rates further, investors remain cautious about riskier assets, like crypto.An influential member of the Federal Open Market Committee (FOMC) -- the body responsible for setting the federal funds interest rate -- indicated the Fed will opt for another rate cut in December, but it wasn't enough to reverse Ethereum's steady decline. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool