Cryptoverse: Buying the dip? Bitcoin's a rates rookie

FILE PHOTO: A Bitcoin and Dollar note are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic

(Reuters) - Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop.

The cryptocurrency has tanked along with other risk assets such as tech stocks after the Fed amped up rates last week, sending them on a trajectory that's expected to pass 3% early next year.