The US Federal Reserve’s interest rate announcement negatively affected the cryptocurrency markets, which had been fragile for a while. Bitcoin has lost 4.5 percent in the last 24 hours as the interest rate remains stable. The situation in Bitcoin has left no choice but to fall for other cryptocurrencies as well.
Last night, the eyes of the whole world were on the USA. For US Federal Reserve (FED) was going to make an announcement on the interest rate decision. Expectations were for interest rates to rise or remain constant. In a statement by Fed Chairman Jerome Powell, interest rate is left fixed, but interest rate hike can be made in March. expressed. This situation reflected harshly on the cryptocurrency markets.
As a matter of fact, the environment of uncertainty and the recent statements about cryptocurrencies have shown that the markets have been around for a while. blood to turn red had caused. Almost all cryptocurrencies, especially Bitcoin, have shown very sharp decreases in recent times. Even Bitcoin, last 6 months dropped to its lowest level. After the statements made by the FED President, a new downtrend has started.
Bitcoin fell below $ 36 thousand
Bitcoin, which has been in a downtrend for a while, Even your 34 thousand dollars After falling below it, it recovered somewhat and had reached the level of 38 thousand 825 dollars as of yesterday. However, the Fed’s interest rate announcement shook the markets again. As of now 35 thousand 900 Bitcoin, which is at dollar levels, in the last 24 hours It lost about 4.5 percent of its value..
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The latest situation in the top 10 cryptocurrencies with the largest volume
Looking at Coinmarketcap data, we look at none of the top 10 cryptocurrencies. no rise We see. For example, the drop in Ethereum is around 3.2 percent and from $2,835 is being traded. Cryptocurrencies such as Dogecoin, Solana, Shiba Inu, Cardano and Ripple are also available. in the range of 2 percent to 10 percent they are decreasing.