Crypto market loses 4.2 percent in a day: why Ethereum is giving up 5.4 percent

The crypto market gave way across the board on Thursday, and the trigger does not lie in the sector itself. Equities, oil and bonds set the tempo: as the Nasdaq Composite shed 2.1 percent over the session and Brent crude climbed to a five-month high, investors pulled back from everything counted as risky. Ether was hit harder than Bitcoin. On Thursday afternoon Ether costs $2,376.99, 5.4 percent less than 24 hours earlier. Bitcoin stands at $81,176.09, down 4.0 percent. The crypto market as a whole has shrunk 4.2 percent over the same period, to $2.83 trillion.