SHIB, RGT and AMPL shake off Fed taper comments by notching

Volatility reared its ugly head for a second day after growing fear of the new Omicron COVID-19 variant and the Federal Reserve’s admission that an earlier-than-expected adjustment to its bond-buying program continues to impact global stock markets. The impact of these concerns appears to have impacted price and this morning, the digital asset retreated from its intraday high at $59,175, falling to as low as $55,875.

It’s not all bad news for crypto holders, however, as several altcoins have racked up notable gains over the past 24 hours.