The crypto money market, which kept smiling faces until the middle of last week, started this week with a big decline. The decline was triggered by the US Federal Reserve’s inflation statement.
The crypto money market, which continued to rise by making its investors smile until the middle of last week, started to hang again, especially with a big drop seen on Wednesday. The market, which fell for a while until the end of the week, started again yesterday. a big retreat hosted.
On April 4, it entered the new week above the level of 46 thousand dollars. bitcoinWith the declines on April 5 and 6, it was withdrawn to $ 43 thousand. Bitcoin, which closed the week at the threshold of 42 thousand, hardened its decline on the first day of the new week. Bitcoin, the day of the fall that started yesterday Falling as low as $39,200 closed. Bitcoin, as of the moment of writing this article At the level of 39 thousand 900 dollars is wandering.
The picture was the same for popular cryptocurrencies:
Ether (ETH):
Binance Coin (BNB):
Left (LEFT):
Ripple (XRP):
Terra (Luna):
Dogecoin (DOGE):
Why did the fall happen?
This decline, in which Bitcoin fell below $ 40 thousand for the first time this month, is considered by many experts to be the use of the US Federal Reserve to fight inflation. anticipation of tightening monetary policy. tied up. The inflation announcement made by the Central Bank on Tuesday strengthened these expectations and led to a recession in the markets. The decline was seen not only in the cryptocurrency market, but also in other markets.
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