Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades

With so many other asset markets in rally mode, investors for the moment appear to have moved on from crypto. What to know : Friday's crypto bounce is sharply reversing on Wednesday, with bitcoin falling back below $66,000. Fading Fed rate cut hopes are weighing on markets, but the crypto bear market began last year as the U.S. central bank was cutting rates. The hard data, along with anecdotal evidence, suggests crypto investors have lost interest and moved on to any number of other rallying markets.