Bitcoin, Ether Slide as Risk Aversion Spreads to Crypto Market.

Ether, the second-largest cryptocurrency, experienced a 6% decline in value following a drop in global equity markets. This decline was attributed to a decrease in investor sentiment after a poor performance by US technology stocks. The conversion of the Grayscale Ethereum Trust into an exchange-traded fund (ETF) also contributed to caution among investors, with $811 million leaving the fund since the conversion. However, it is suggested that the sell-off pressure on Ether may soon subside if market sentiment improves. [Extracted from the article]