Major cryptocurrencies came under further pressure on Thursday, according to Benzinga. Bitcoin, Ethereum, XRP and Dogecoin all slid, while stocks rebounded during the same session. The split in performance came as investors parsed a hawkish pivot in the Federal Reserve’s policy stance.
The report was categorized under policy and regulation and linked the decline in leading crypto assets to the market’s reaction to the Federal Reserve. Its headline specifically named Bitcoin, Ethereum, XRP and Dogecoin as the cryptocurrencies moving lower, while noting that equities were recovering as investors assessed the policy shift.
The headline also referred to an analyst’s upside target for Bitcoin if it holds $64,000 as support. The supplied summary did not include the specific target level. Based on the available information, the confirmed points are that leading cryptocurrencies fell, stocks rebounded on Thursday, and investors were responding to the Fed’s hawkish turn.