While the Federal Open Market Committee (FOMC) minutes are awaited in the market, both the US stock markets and the US stock markets are skeptical, with rumors of a potential interest rate increase in the future. cryptocurrency market bled as investors switched to risk-free assets.
In addition to the sudden drop in the value of the biggest cryptocurrencies, the US 10-year bond yields also have the potential to break the downward trend that has been going on for years.
Red Table Dominates In The Crypto Money Market
happened in the past days altcoin The cryptocurrencies leading the rally have lost around 10% in the last few hours. Climbing over 45% in the last rally of Cardano The rate of decline has been approximately 8% in the last 24 hours.
Decentralized app development ecosystem wither after 10% depreciation in the last 24 hours, its decline in the last few days to 14%. The price of the altcoin climbed up to $ 143 and returned from here.
The leader of the altcoin world and the second largest cryptocurrency in the world. on Ethereum The losses are hovering around 6%. Although not the best performing altcoin in the last rally, ETH gained over 30%.
bitcoin However, it fell below $45,000 after losing 4% in value in the last few hours.
The drop came despite the Terra Foundation buying $230 million worth of BTC. Terra currently holds approximately $1.5 billion worth of Bitcoin.
*Not investment advice.