Risk appetite deteriorates further as even cryptocurrencies feel the heat

Risk appetite deteriorates further as even cryptocurrencies feel the heatThe losses in the global equity markets are now deepening and as reported on in the previous quick news update; there are many reasons for this. The initial reaction to some of those moves helped to push the likes of Bitcoin and Ether higher. Ether has earlier rejected a move below 3,300 and that had subsequently rebound back above 3400 and close to 3450. However, now that risk appetite is dissipating further, both BTC and Ether have encountered a fresh wave of selling, forcing them both back from their earlier highs. Ether is now at risk of a drop of a more sustained move below 3300. It has not yet done that, despite dipping to 3296 a few moments go. It remains to be seen just now much support still resides around that level. ETHUSD is just now trading at 3,307