The total capitalization of the Crypto market has spilled more than $ 58 billion in the assessment. Concerns are happening to Fed officials who tighten their grip, and take a Hawkish attitude. Bitcoin has lost its momentum, dipped significantly and is currently traded on $ 21,504.The total capitalization of the currency market has spilled more than $ 58 billion in are making Fed officers tighten their grip, and take a Hawkish attitude
What’s weighing crypto down?
The total capitalization of the Crypto market has spilled more than $ 58 billion in the assessment. Concerns are happening to Fed officials who tighten their grip, and take a Hawkish attitude. Hawkish attitude and quantitative tightening of the Federal Reserve is a step to control inflation.However, the consumer price index inflation report in June revealed a decline of 8.5 percent from 9.1 percent, which was the highest record of four decades. So, apparently, it revealed that inflation in the US cools.
But Fed’s policy makers maintain their Hawkish attitude, emphasizing that the struggle against inflation is still far from completion, which is why they say further interest rate increases are needed.James Bullard, Fed’s policy maker, called for the 75 BPS level, three times in a row, and he hoped that the figure would reach 4 percent at the end of 2022. Cryptocurrency
Bitcoin has lost its momentum, dipped significantly and is currently traded on $ 21,504.10 at the time of writing this article. This has reached the lowest level of three weeks, down to half of the number earlier this year. Not only Crypto, Ethereum, Cryptocurrency’s second largest in the world, down today, traded on $ 1,691.15.(Wikipedia)
Prices of crypto
TODAY: $23,829
1 yr. ago: $46,004
2 yr. ago: $11,893
3 yr. ago: $10,374
4 yr. ago: $6,335
5 yr. ago: $4,377
6 yr. ago: $577
7 yr. ago: $259
8 yr. ago: $520
9 yr. ago: $109