As stocks were sold off early this week, crypto prices also plunged. Bitcoin dropped nearly 13 percent before rebounding along with stocks. Ethereum’s own coin, Ether, was briefly down 15 percent. Their price declines have dragged down other digital asset prices, too. Analysts attribute the decline to investors who are pulling their money out of higher-growth, risky assets — including technology stocks — as interest rates are set to rise. That has put a dent in the argument, promoted by crypto boosters, that digital assets offer a hedge against losses in other markets. Crypto bubbles To check Bubble's price live in the fiat currency of your choice, you can use Crypto.com's converter feature in the top-right corner of this page.

The soaring prices of all these cryptocurrencies means that the combined value of the crypto market is now in excess of $2.5 trillion – or nearly twice that of Amazon. And yet none of these currencies actually produces anything, or is attached to any tangible assets. All that value derives from one thing only: the belief of investors that the price will rise even more. And this is underpinned by little more than hype and evocative brand names. US Open: Bearish momentum extends! Cryptobubbles.net