The downtrend in the crypto money markets continues at full speed. experienced Russia-Ukraine war and banks globally interest rate increase It has a very negative impact on cryptocurrencies. And also LUNA’s downfall and the fact that BNB is being investigated by the SEC is also creating selling pressure in the cryptocurrency markets. As a result, the largest cryptocurrency Bitcoin drop trend continues. Along with the drop in Bitcoin price, other crypto assets follow.
Bitcoin can’t get out of the downtrend
With the recent drop in Bitcoin to the level of 21 thousand dollars so regressed. Finally, seeing these levels in December 2020, Bitcoin has not yet been able to break the long-standing downtrend. With Bitcoin seeing $21,000, other cryptocurrencies also hard falls continues to live.
The current value of Bitcoin 21 thousand 300 dollars watching levels. In cryptocurrencies, which have not made its investors smile for a long time, it has been started to be talked about that the bear season has come and there will be no bigger rises for a long time. According to some, the price of Bitcoin 10 thousand dollars is said to be as low as
While the decline in Bitcoin negatively affects other cryptocurrencies, it is in the second place in terms of market value. Ethereum continues to lose value. The second-largest cryptocurrency, traded at $1,120 levels, has lost nearly 40 percent in the last week.
Inflation crisis all over the world US Federal Reserve (FED) pushes countries to raise interest rates. With the increase in interest rates, the strength of cryptocurrencies also tends to fall against the dollar. The Fed plans to continue to increase interest rates in the coming period. from the Fed in the next 3 months Rate hikes of 50 basis points each Waiting. in the US at the end of May inflation 8.6 percentIt has reached . Higher-than-expected inflation figures may also trigger new interest rate decisions.
Current values of cryptocurrencies
- BTC/USDT: 21 thousand 130 dollars
- ETH/USDT: one thousand 120 dollars
- ADA/USDT: $0.4645
- LEFT/USDT: $28.32
- XRP/USDT: $0.3068
- DOGE/USDT: 0.05271 dollars
- AVAX/USDT: $15.41
- SHIB/USDT: 0.000007867 dollars
- MATIC/USDT: $0.3896
- DOT/USDT: 7.20 dollars
- FTT/BUSD: $23.07
- LTC/BUSD: 43.82 dollars
- XLM/BUSD: $0.1087
- LINK/BUSD: $6.35
- UNI/BUSD: $3.63
- XMR/BUSD: $111.86
- NEAR/BUSD: $3.20
- MANA/BUSD: $0.7841
- ATOM/BUSD: $6.41
- VET/BUSD: 0.02266 dollars
- FLOW/BUSD: $1.51
- SAND/BUSD: 0.828 dollars
- THETA/BUSD: $1.08
Note: It is not investment advice.
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