The ECB’s decision to raise the interest rates to the highest levels since 2009 harmed the cryptocurrency market.
The altcoins are back in the red as well, with the most notable losses coming from the likes of Cardano, Shiba Inu, and Uniswap.The past several days went quite well for the primary cryptocurrency. The asset spiked to $19,600 on Monday but was stopped before ever getting the chance to go up to $20,000. It returned to familiar ground at around $19,000 and stood there for the next 24 hours.by over $1,000 and found itself trading above $20,000 for the first time in weeks.
the interest rates by another 75 basis points, reaching the highest levels since the 2008-2009 financial crisis.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:In a matter of hours, bitcoin fell by roughly $1,000 and dipped all the way down to $20,000. It has managed to sustain that level as of now, but it has declined by over 3% in a day.BTCUSD.
Binance Coin, Ripple, Solana, ATIC, Dogecoin, Polkadot, Tron, and Avalanche have all declined by similar percetanges.
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