Why is Ethereum
price down today?
Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates.
Ether price was dealt another blow when Silvergate Capital (NYSE:SI) Corporation decided to voluntarily liquidate Silvergate Bank.
Silvergate Bank was one of the major crypto-friendly banks before a wave of companies dropped their services due to liquidity concerns.
Crypto is the future of currency and digital assets. A leading cryptocurrency development company may better tell you how to use it for future gains.