Crypto Market in Horror: The Fed and the Senate Deliver a Crushing Blow
Investors were gripped by panic. The crypto market faced a brutal “double blow,” triggering a mass capital exodus.
The first shock was the collapse of the key Clarity bill in the U.S. Senate. The document, which promised transparent rules of the game, failed the vote. The industry is once again trapped in a legal vacuum.
Then the Fed dealt the market another blow by raising the interest rate to 4.0%. The new head of the agency, Kevin Warsh, made statements that proved disturbingly “hawkish”: the regulator is ready to strangle inflation with further tightening.
Against the backdrop of a massive outflow of funds from funds, prices plunged. Bitcoin fell to critical levels, while Ethereum hovered near a dangerous threshold at $2,441. Analysts are sounding the alarm: a prolonged decline lies ahead.
#cryptocrash #FedRateDecisions #BitcoinPanic #TradingTraps #MarketHorrorShow
Investors were gripped by panic. The crypto market faced a brutal “double blow,” triggering a mass capital exodus.
The first shock was the collapse of the key Clarity bill in the U.S. Senate. The document, which promised transparent rules of the game, failed the vote. The industry is once again trapped in a legal vacuum.
Then the Fed dealt the market another blow by raising the interest rate to 4.0%. The new head of the agency, Kevin Warsh, made statements that proved disturbingly “hawkish”: the regulator is ready to strangle inflation with further tightening.
Against the backdrop of a massive outflow of funds from funds, prices plunged. Bitcoin fell to critical levels, while Ethereum hovered near a dangerous threshold at $2,441. Analysts are sounding the alarm: a prolonged decline lies ahead.
#cryptocrash #FedRateDecisions #BitcoinPanic #TradingTraps #MarketHorrorShow
