Investors beware: ‘FED’ movement in cryptocurrencies!
The US Federal Reserve’s (Fed) interest rate decision was announced. Accordingly, the Fed policy rate was increased by 50 basis points, which is the market expectation, to 4.50 percent.
Cryptocurrencies became active after the last interest payments and expected interest during the year. Bitcoin, which had a premium of close to 3 percent before the Fed decision, moved at the level of $ 18 thousand 300, while after the critical decision, it fell to the level of $ 18 thousand. Bitcoin is currently trading at $17,960.
Ethereum, which is the second highest level digital asset after Bitcoin, increased by 1.70 percent before the decision, moved to the level of $ 1343, and then saw the decision level of $ 1320.
TOTAL CAPITAL VALUE OF CRYPTO COINS DROPPED
While the total capital value of cryptocurrencies was $842 billion before the decision, the total value of digital gains decreased to $827 billion after the critical development.
BITCOIN RISES AFTER US INFLATION
After the environmental protection regression screen in the USA, Bitcoin rose above the $ 18 thousand level after a long break. Bitcoin last experienced a big drop on November 8-9 and fell to 15 thousand 500 levels, here you are close to 20 thousand dollars.
FTX, which is among the 3 largest cryptocurrency exchanges in the world, experienced its liquidity center, and with those who gave up Binance exchange to save FTX, FTX actually went bankrupt.
The deletion of FTX from the world caused serious damage to cryptocurrencies, FTX CEO Sam Bankman-Fried was used. Sam Bankman-Fried was arrested in the Bahamas the other day.