DIKSIA.COM - Cryptocurrency trading reportedly plummeted over the past 24 hours, including Bitcoin, with prices dropping to 1 on Thursday (June 15, 2023) It recorded a drop of 3.90% before dropping to around US$24,882 per coin.
Compared to the price in early June, when 1 BTC coin was pegged at US$28,956, it has fallen significantly.
Tether and BNB followed suit, dropping to near $0.9973 and $235.08 respectively.
The Cardano coin movement also saw a red report card, with the price dropping 1.32 percent to $0.255. Meanwhile, the price of Dogecoin fell by 2.78 percent, or US$0.05999 per coin.
The aggressive stance taken by the Fed was initially aimed at bringing inflation down to below 2%, but unfortunately this tightening has caused cryptocurrencies to no longer be considered investment assets, triggering a bear market. There is even a thing.
Such a situation loses the confidence of cryptocurrency investors and prompts them to withdraw from the digital asset market. Until the cryptocurrency price crashed in trading this morning.
“Given the extent of policy tightening, the uncertain pace of monetary policy affecting the economy, and the potential strong winds of tightening credit, we will leave the policy rate unchanged today,” said Federal Reserve Chairman Jerome Powell. decided,” he said.
It is not clear how long crypto investors will remain in wait-and-see mode, but based on historical market data, the global crypto market is currently down 3.80 percent from the previous week to US$1.02 trillion. reportedly slumped.
Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Diksia.com is not responsible for profits and losses arising from investment decisions.
The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency investments are subject to market risks, and readers should exercise caution and do their due diligence.