Crypto News, June 24: Crypto Chaos as BTC USD Tumbles with Chip Stocks, ETH Foundation Axes Staff, Rate Hike Looms
Crypto is stabilizing after BTC slid alongside the “AI darling” NVIDIA, while ETH USD continued its frustrating trend of underperforming expectations. Up until today, there has been no major crypto-specific disaster to blame. But the market is reminding us that Bitcoin and Ethereum are increasingly trading like high-beta tech assets, and the days of financial…