As major cryptos nurse losses while they attempt to recover from earlier session lows on worries related to the ongoing tech-led drop in US equity markets, a steepening US yield curve and surprise rate cuts in China, investors are looking for the best crypto to buy now to benefit amid the current turbulent market conditions.
Bitcoin (BTC) was last changing hands just below $65,000, having dipped to the mid-$63,000s earlier in the day. That left the world’s biggest crypto down around 1% for the session.
Big tech earnings earlier in the week catalyzed a drop in the perhaps over-stretched US tech market. This has hit crypto market sentiment.
The steepening US yield curve has also perhaps triggering some jitters.
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