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Bitcoin, Ether Prices Fall Together With Technology Stocks


 

The biggest cryptocurrencies have been hit hard over the past few days as investors have withdrawn their money following the news that Facebook is launching its own cryptocurrency. The market had been relatively stable in the face of the broader market’s volatility, but on Wednesday it was dragged down by the pullback in traditional technology stocks. The cryptocurrencies have been no exception to this. Just like the broader market, the prices of cryptocurrencies have been volatile over the last month.
The cryptocurrency market has been dragged down with the broader market. On Wednesday, the market was pressured by news that Facebook plans to launch its own cryptocurrency, called Libra. The market fell another 2% on Wednesday, the second day of losses. In the past few days, analysts have warned that the cryptocurrencies remain extremely volatile and are not suitable as a long-term investment.
The cryptocurrency market is made up of hundreds of different digital currencies. The largest by market value is Bitcoin, with a value of around $7.3 billion at the time of writing. The most valuable cryptocurrency by market cap is Ethereum, which has a value of around $113 billion. Both cryptocurrencies fell sharply on Wednesday as investors continued to pull back from the riskier digital currencies.
The declines in the cryptocurrency market are being caused by investors shifting their attention from the broader market to the cryptocurrency sector, which has been volatile in recent days. The major cryptocurrencies have been dragged down by the broader market, which is showing no signs of a major pullback. Instead, the major indexes are continuing to fall, which has caused investors to focus on the traditional economy instead. This is causing the prices of some of the biggest cryptocurrencies such as Bitcoin and Ethereum to fall.

The cryptocurrencies have been a major topic of conversation over the past few days, as the markets have been stirred up by the news that Facebook is launching its own cryptocurrency, Libra. The market initially reacted positively to the news, with Bitcoin prices rising by more than 1%. But over the past few days, the market has been dragged down with the broader market, with investors staying away from the technology stocks that have been falling today, instead focusing on the traditional economy. In the past few days, the S&P 500 and the Nasdaq have both fallen, with the S&P falling 1.36% on Thursday, the biggest drop since February, which was also caused by the tariff news.