Crypto Rebounds From Early Declines Alongside Reversal in U.S. Stocks
The major U.S. stock market averages tumbled about 2% to begin Wednesday following underwhelming economic data.
What to know:
The crypto market bounced alongside stocks in U.S. afternoon hours Wednesday.
Bitcoin narrowed its decline to just 0.4% and was trading at $94,700 shortly after the stock market close.
Altcoins and crypto equities experienced more sizable falls, with notable losses in Hut 8 and Coinbase.
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