Bitcoin and Ethereum open at their lowest levels in two weeks
BTC opened at $62,660 on June 24, down 2% on the day, while ETH was flat near $1,665. A strong dollar and the prospect of higher interest rates are pushing investors out of risk assets.
Bitcoin opened at $62,660.11 on Wednesday, June 24, down 2% from Tuesday's open, and was trading around $62,760 by mid-morning Eastern time. Ethereum opened at $1,665.13, essentially flat on the day, and ticked up to roughly $1,675.
Both opening levels were the lowest in about two weeks. Crypto is wrestling with the same headwinds weighing on gold and silver: a strong U.S. dollar and the prospect of higher interest rates are nudging investors toward other assets.
A broader slide in AI stocks this week added to the risk-off mood, as investors trimmed exposure to the most speculative corners of the market — crypto included.