cryptocurrencies has been experiencing difficulties lately. With increasing inflation around the world US Federal ReserveThe increase in interest rates negatively affected the crypto market. He said that he will continue to increase interest rates according to the course of inflation. FEDWith the statements of , stocks were sold to a large extent in the USA. US stock markets similar to the bitcoin and other cryptocurrencies have also increased in sales.
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Bitcoin lost 50 percent of its value!
world’s largest digital currency the Bitcoin, 30 thousand dollars with the lowest value in recent periods. Bitcoin, which broke a record with $ 69 thousand in November 2021, has now been searching for those periods with candles. Bitcoin is currently trading 50 percent below its historic high.
in the USA high inflation policy of raising interest rates to rein in crypto coins It affected pretty badly. interest rates in March 25 basis points The FED, which increased 50 basis points had increased. Fed Chairman Jerome Powell also offered for the months of June and July. to interest rate hike announced that they are looking forward to it.
After these statements US dollar while gaining strength US stock markets and cryptocurrencies had a large decline. Dow Jones and Nasdaq exchanges experienced significant declines after the decision. It is stated that these decreases are the hardest decreases since 2020.
With the latest developments, the cryptocurrency market “fear and greed index” also “extreme fear” meaning level 11 found it. Located above 20 levels for a long time “fear and greed index”It is feared that cryptocurrencies will eat more sales with the fall of the coin.
Seeing lowest levels since January bitcoinas of the time the article was shared 33 thousand 250 dollars traded at the level. This decline experienced by the largest cryptocurrency has also negatively affected altcoins.
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