Crypto Market Continues to Dive Post-Fed Announcements: What’s the Outcome?

Crypto markets continue to decline after regulatory action last week and Fed notes yesterday. So, what are the consequences of the decline in cryptocurrencies after the recent announcements? Current Situation in Altcoins! Last week, Cardano (ADA) was the biggest loser among the top ten cryptocurrencies in the market, with a 22% drop. According to CoinGecko, the asset fell 7% in the last day. Other major losers of last week include Binance’s BNB token (10.3% drop), XRP (9.1% drop), and Dogecoin (9.5% drop). In addition, Bitcoin (BTC) fell below $25,000 on Wednesday morning, trading at $24,900 with a 4% decrease. Throughout the week, the largest cryptocurrency in the market has fallen 6%. Data from CoinGecko indicates that the total cryptocurrency has lost 4.2%, or roughly $40 billion in the last 24 hours. Ethereum (ETH) fell 6.4% to reach its lowest level in three months at $1,630. On a weekly timeline, ETH […] The post Crypto Market Continues to Dive Post-Fed Announcements: What’s the Outcome? appeared first on COINTURK NEWS.