Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Jaya60 on June 19, 2022, 02:28:33 AM
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The Federal Reserve also introduced the biggest interest rate hike since 1994, and crypto lender Celsius evoked memories of Terra. Bitcoin plunged well below $20,000, and as of this writing was trading at $19,095—the market leader has shed one-third of its value over the last seven days.
Ethereum is also in the trenches, trading at time of writing for $994.68, a 36% decrease over the week.
Other leading cryptocurrencies that took price hits of 30% or more this week include privacy coin Monero, down nearly 37% to $102.28, Cronos, down 30% to $.10, and Polygon, down 33% to $.36.
Each of the 30 biggest cryptocurrencies, excepting stablecoins, have fallen by double-digit percentages since last Saturday.more information (https://decrypt.co/103252/this-week-in-coins-bitcoin-and-ethereum-crash-more-than-30-as-recession-fears-loom)