Last minute… Earthquake in crypto-currencies! US stock markets triggered the decline…

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Cryptocurrency markets are not showing a recovery trend. Although small moves higher have been getting investors excited since last November, the gains like a straw are fading away as there is no continuity.

The US Federal Reserve raised interest rates by 50 basis points and Fed Chairman Jerome Powell said it would do its best to reduce inflation.

With this move by the Fed, small upward moves were seen in cryptocurrency exchanges. Bitcoin, which had a premium of around 5%, approached the $40,000 limit, but this situation did not last long. Although social media pundits and investors thought there would be an upside, they were wrong again this time.

DROP IN TRADE HAS SET THE STAGE FOR COLLAPSE

US stock markets accelerated their decline with the rise in interest rates. The Dow Jones fell 3.12% to 32,997 points, the Nasdaq 3.25% to 154.9 points and the S&P 500 3.56% to 4,146 points. Cryptocurrencies, which have been correlated from time to time with different investment instruments, have now repeated their correlation with US stock markets. Relentless selling on giant exchanges has created an earthquake in cryptocurrencies. Bitcoin fell around 10% and fell from $39,000 to $35,000. Cryptocurrencies continue to follow the direction according to US stock markets recently.

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GIANT COMPANIES ALSO HAVE BIG LOSSES

While the losses of the American giants Amazon and Tesla exceeded 7%, the losses of the stocks Google, Apple and Microsoft amounted to 4%.

ARE THE WHALES FOR SALE?

Some of the whales with Bitcoin in their wallets started making small sales. While not enough to sustain the sharp decline, the whale action is seen as a negative development for cryptocurrency markets.

FEAR INDEX SUPPORTS FALL

The fear and greed index in cryptocurrencies is at the level of 22 points. This is the data that investors show the decline of the cryptocurrency market will continue. Bitcoin’s dominance is around 41%.

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BITCOIN SERIOUSLY INJURED

Bitcoin, which saw $69,000 in November 2021, has lost a lot of momentum with the sharp decline experienced today. Due to a nearly 10% loss, Bitcoin fell to around $35,000. Thus, Bitcoin continues to trade at 49% of its all-time high. Although experts and analysts, who are not affiliated with any authority, have made comments that there will be an increase in the various channels, investors have started looking to make up for their lost money by buying and selling. Bitcoin is currently finding buyers at $36,345, down 8.5%. During the day, the highest level was $39,000,835 and the lowest level was $35,000,570.

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ETHEREUM IS FALLING

Following the decline of the main cryptocurrency Bitcoin, Ethereum also continues to decline. Ethereum is trading at $2,743, down 7%. Ethereum saw the highest level of $2950 and the lowest level of $2685 during the day.

SOLENA IS STILL LOST

Investors buying at high levels in Solana, which spiked as high as $260 for a period, cannot cover their losses. Solana, which is trading at 69% of its all-time high, is trading at $82, down 13%. Solana had seen the high of $94 and the low of $81 during the day.

DOGECOIN STRENGTHENS

Dogecoin, which is popular with billionaire businessman Elon Musk’s speculative Twitter posts and also driven by Musk’s stock, is trading at $0.1289 with a loss of around 6%.

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SHIBA INU CANNOT BE REVIEWED

Shiba Inu, which emerged as a cheap altcoin to rival Dogecoin, continues to suffer losses among thousands of cryptocurrencies. The Shiba Inu is down 7% at $0.000002019.

THE RIPPLE HAS STARTED TO FALL

Dealing with lawsuits in the US, Ripple got its share of the selling trend. Ripple finds buyers at the $0.6061 level with a loss of almost 7%.

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