Last night, the eyes of the whole world were on the USA. Because the US Federal Reserve (FED) was going to make an interest rate decision announcement. Expectations were for interest rates to rise or remain constant. In the statements made by Fed Chairman Jerome Powell, it was stated that interest rates were kept constant, but that interest rates could be increased in March. This situation reflected harshly on the cryptocurrency markets.
As a matter of fact, the environment of uncertainty and the recent statements about cryptocurrencies have caused the markets to turn blood red for a while. Almost all cryptocurrencies, especially Bitcoin, have shown very sharp decreases in recent times. In fact, Bitcoin fell to the lowest level in the last 6 months. After the statements made by the FED Chairman, a downward trend has started again.
Bitcoin fell below $ 36 thousand
Bitcoin, which has been in a downtrend for a while, recovered a little after falling even below 34 thousand dollars and saw the level of 38 thousand 825 dollars as of yesterday. However, the Fed’s interest rate announcement shook the markets again. Bitcoin, which is at the level of 35 thousand 900 dollars as of now, has lost 4.5 percent in the last 24 hours.
The latest situation in the top 10 cryptocurrencies with the largest volume
When we look at Coinmarketcap data, we see that none of the top 10 cryptocurrencies are bullish. For example, the drop in Ethereum is around 3.2 percent and is trading at $2,835. Cryptocurrencies such as Dogecoin, Solana, Shiba Inu, Cardano and Ripple are also falling in the 2 percent to 10 percent range.
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