Federal Reserve's Waller Discusses Diminishing Crypto Hype

Fed's Chris Waller indicates that the excitement around crypto is diminishing, attributing some recent market declines to traditional finance influences.

The excitement surrounding the cryptocurrency market appears to be waning, according to Chris Waller, a governor at the Federal Reserve. Waller emphasized that the fluctuations commonly seen in the crypto space are merely a component of its nature.

He further suggested that the recent downturn in cryptocurrency values might be linked to developments in traditional finance, hinting that these connections could play a significant role in the market dynamics.