Despite hopes for more rate cuts from the Federal Reserve, the crypto market continues to fall as investors worry about economic data and an AI bubble. Ethereum is down 5% in the last 24 hours, while the S&P 500 and Nasdaq rose. The FOMC hinted at another rate cut in December, but it couldn’t stop Ethereum’s decline.

Cryptocurrency prices are plummeting due to concerns about an AI bubble, leading investors to shift from risky assets like crypto to more stable investments. The anticipation of a rate cut by the Federal Reserve has not been enough to bolster the market. Ethereum remains a popular choice among cryptocurrencies, but it still carries risk.

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Read more at Yahoo Finance: Why Ethereum Is Moving Lower Today