#Fed left interest rates steady at 5.25%, within expectations. Speaking after the announcement of the interest rate decision, Fed President Jerome Powell made a hawkish statement, followed by a decline in cryptocurrencies, and these views contributed to the continuation of the negative outlook originating from the SEC.

Bitcoin, which has managed to hold on to an average of $25,700 since last week, closed the day with a drop of just over 3% after the Fed statement and tested the $24,000 band for the first time since March. BTC, which saw partial purchases during Asian trading hours after the decline, is trading at the $ 25,000 limit as of the last hour.

In the first comments following the Fed's statements in the crypto market, the importance of the $ 25,000 level for #Bitcoin was emphasized. On the other hand, in more pessimistic comments, there is a prediction of a drop to $ 20,000 at the weekly closing below $ 26,000. In addition, there are also opinions that a potential upward movement remains valid as long as #btc remains above $ 20,000.

Latest situation in crypto markets

In the rest of the cryptocurrency market, Ethereum fell harder than Bitcoin, with its daily loss exceeding 5%, and the largest altcoin remained negative in the early hours of the day after falling as low as $1,630. Along with ETH in the top 10, XRP and ADA also dropped by 6% to $0.472 and $0.256, respectively.

While the negative outlook continues throughout the market, TWT, which rose 10% in the top 100 today, has a positive diverging price movement. UNI, CSPR and LUNC continue with partial increases. The cryptocurrencies that lost the most in the last 24 hours were CRV, AAVE and INJ, which decreased by 10%.

While the total market value has once again reached the 1 trillion dollar mark, the average transaction volume is close to 40 billion dollars. The current outlook of the crypto market continues to raise investors' concerns. The cryptocurrency fear and risk appetite index fell to 41 today, returning to the fear zone.