Cryptocurrencies, stocks slide ahead of Fed rate decision 

Cryptocurrencies and US equities dipped Tuesday as latest wage data confirmed that inflation is persisting ahead of the Federal Reserve’s interest rate decision. 

Bitcoin (BTC) and ether (ETH) lost around 3% and 5% over 24-hours, respectively, erasing Monday’s gains. Analysts attribute the dip to the lower-than-expected trading volumes for spot bitcoin and ether exchange-traded products in Hong Kong, which debuted this week. 

“Disappointing ETF volumes out of Hong Kong, however, led to a dramatic selloff, with [bitcoin and ether] dropping ~3.5% to open the day,” Mike Tauckus, head of trading and structuring at BitOoda, said. “Initial indications showed expected inflows to…

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