Crypto Market Capitalization Tumbles from $3 to $1.8 Trillion in Less Than 3 Months

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The total crypto market has dropped drastically after some assets lost up to 50% of their value already

Later on, the U.S. Federal Reserve teased the strengthening of the country’s monetary policy that will include a key rate hike and downsizing of the quantitative easing policy that was reportedly the main catalyst of the growth of the stock market.

The most recent low blow for Bitcoin and crypto was a total prohibition of cryptocurrency operations in the Russian Federation. The country's Central Bank has recommended that cryptocurrencies should be illegal for payments and all operations inside of Russia.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

 

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