Bitcoin sets a three-week anti-record

According to CoinGecko, the flagship cryptocurrency has fallen by 4% over the past 24 hours and by 7.5% over the past week, setting a three-week anti-record. Analysts believe that the price of BTC $98,927.02 Bitcoin 1.19% Market capitalization $1.96 trillion VOL. 24 hours $6.01 billion was affected by pressure from US regulators, as Fed officials announced
about further interest rate hikes.

In addition to the Fed’s plans, yesterday it became known about the publication of data on initial applications for unemployment benefits in the United States — 196,000 Americans need financial assistance. The labor market data may force the regulator to continue aggressive interest rate hikes, analysts believe.

Another likely reason for the drop in the value of BTC was the SEC’s ban on the staking program for the Kraken exchange. The US regulator said that two Kraken subsidiaries failed to register their staking programs. The SEC accused them of working with unregistered securities. The exchange agreed to pay a $ 30 million fine to settle the case amicably. «Today's actions should make it clear to the market that staking providers must register their services. They must also make full, honest and truthful disclosures and ensure investor protection,» said SEC Chairman Gary Gensler.

In early February, the eighth consecutive increase in the prime rate took place, which is now at its highest level since 2007. Bitcoin reacted with growth, breaking through the $ 24,000 level.