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Shares of several popular altcoins, including Bitcoin SV<\/strong> BSV\/USD<\/span>, are trading lower in sympathy with apex cryptocurrency Bitcoin<\/strong> BTC\/USD<\/span>\u00a0and second-largest market cap crypto,\u00a0Ethereum<\/strong> ETH\/USD<\/span>.<\/p>\n Several popular cryptocurrencies have experienced marked weakness in recent sessions. Cryptocurrencies are experiencing volatility Tuesday amid raised fears of an economic slowdown as investors continue to assess last Wednesday’s Fed commentary and 75 bps rate hike. An economic slowdown could negatively impact discretionary spending.<\/p>\n Cryptocurrencies have also been seen by some investors as a speculative hedge against inflation and the Fed’s plans to curb inflation could weigh on the broader cryptocurrency sector.<\/p>\n What Happened?<\/strong><\/p>\n The\u00a0Federal Reserve\u00a0raised its target fed funds rate by 0.75% last\u00a0Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months. The Fed said it will continue with its previously announced plan to let Treasury securities and agency debt and agency\u00a0mortgage<\/a>-backed securities roll off its balance sheet on a monthly basis.<\/p>\n \u201cInflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures,\u201d the Fed said in a statement…Read More<\/a><\/em><\/p>\n See Also:\u00a0What In The World Is Going On With Ford Shares?<\/a><\/em><\/p>\n According to data from\u00a0Benzinga Pro<\/a>, over the trailing session:\u00a0<\/p>\n