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Why Bitcoin, Ethereum, and Solana Are Down This Morning

TheMotleyFool

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Why Bitcoin, Ethereum, and Solana Are Down This Morning: https://g.foolcdn.com/editorial/images/718527/generic-downward-trend-4.jpg

Several cryptocurrencies stumbled this morning after a volatile weekend and ahead of the Federal Reserve's first meeting of 2023, which begins tomorrow.

Since late afternoon yesterday, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), traded close to 3% lower as of 9:02 a.m. ET today, hovering around $23,000. Over the weekend, Bitcoin got close to touching $24,000.

Meanwhile, the price of the second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded close to 4% lower, while the price of Solana (CRYPTO: SOL) was down 7.5%.

Source Fool.com

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