The past 24 hours have been particularly tumultuous throughout the entire cryptocurrency market. The selling pressure also spread out through Wall Street as the Fed revealed plans to reduce its balance sheet.
Altcoins are no exception, as most of them are also well in the red. Ethereum is down 11%, BNB – 9.4%, Solana – 12.4%, and so forth.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability RisesBitcoin defends range support as Fed funds futures price in 61% probability of a March rate hike. Reports godbole17 godbole17 Hey have you guys heard about MetaDogeBSC listing on BKEX exchange today? godbole17 Hi! Did you know that you can track all your crypto assets/holdings in one place Dexfolioapp was designed for Crypto users to track your all assets and get accurate alerts.🤩 Basic, useful and stable Intelligent alert system Multi wallet etc Free on Applestore and Playstore
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike ratesBitcoin price slipped below $44,000 shortly after notes from the Federal Reserve’s December FOMC session re-confirmed plans to get the balance sheet under control. $BTC was set to fall regardless of news. Long ago. GloryDogeCoin
Source: Cointelegraph - 🏆 562. / 51 Read more »
First Mover Asia: Bitcoin Falls Below $44K After Fed Minutes Release.Bitcoin fell below $44,000, after minutes of the U.S. Federal Reserve’s December meeting were released. MuyaoShen and DantesOutlookn report. MuyaoShen Pyramids are not unique to Egypt. The world is a pyramid. Let's start a new Luddite movement in 2022. Bitcoin MuyaoShen Ok I just bought $BTC yesterday 😥 MuyaoShen Happy must live, unhappy must also live. Let's laugh a few more times
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin slides about 7%, other cryptocurrencies drop after global stocks fall on hawkish Fed minutesExpectations of tighter monetary policy from the Federal Reserve sent global stocks down and led to a sell-off in cryptocurrencies including bitcoin and ether. Flight to Squid exactly back to January 2021 levels. This is the beginning of the end on the greatest heist ever committed against the highly vulnerable middle class, Bitcoin. All the facts are coming out now. Take the bid while you have one. No intrinsic value other than the disgusting energy bills provided by miners. Hoax 100%
Source: CNBC - 🏆 12. / 72 Read more »
Nasdaq posts biggest daily drop since Feb after 'hawkish' Fed minutesU.S. stocks fell sharply on Wednesday, with the Nasdaq plunging more than 3% in its biggest one-day percentage drop since February, after U.S. Federal Reserve meeting minutes signaled the central bank may raise interest rates sooner than expected. 👇🏼😲👇🏼
Source: Reuters - 🏆 2. / 97 Read more »
Fed eyes faster interest rate liftoff, balance sheet reduction as inflation soarsMost Federal Reserve officials agreed last month that surging inflation and a rapidly recovering labor market could warrant a faster-than-expected interest rate hike as policymakers seek to wind down pandemic-era support for the U.S. economy. Interest rates need to tick up faster than suggested in this article if inflation is to be controlled. This is bad for meme stocks ! You cannot fix a system that is designed to keep us enslaved. It must be replaced.
Source: FoxBusiness - 🏆 458. / 53 Read more »