Bitcoin loses $ 2000 after publication of US government data

On the evening of March 22, while the cryptocurrency market was waiting for the outcome of the Federal Reserve meeting to be announced, the bitcoin price BTC $75,687.25 Mezo Wrapped BTC -2.59% Market capitalization $74.62 million VOL. 24 hours $0.92 billion came close to $ 29,000. However, after the Fed raised the key policy rate range by 25 basis points to 4.75−5% per annum, the digital asset fell by $ 2,000. Thus, the bitcoin rate dropped to $ 26,900.

In the future, the market expects another rate increase by another 25 basis points to 5−5.25% per annum. Among the surveyed analysts, 49.4% of respondents think so. Experts estimate the possibility of keeping the rate at the current level at 43.8%, and a 25 bps cut at 6.8%. The next Fed meeting is scheduled for May.

As of the morning of March 23, bitcoin was trading at an average of $ 27,656 with a market capitalization of $ 5.47 billion. Over the day, the flagship asset dropped by almost 2%. The daily trading volume is $ 5.47 billion.

The leading altcoin ETH $2,063.15 Bridged Ether (StarkGate) -2.89% Market capitalization $36.71 million VOL. 24 hours $0.51 billion is currently trading at $ 1,752, which is 2.7% lower than yesterday. Ethereum’s market capitalization is $ 211 billion. Traders made daily trading deals worth $ 1.6 billion.

In turn, the BNB token fell by 4.58% to trade at $ 323. The ADA rate has dropped by 4.43%, and the asset costs $ 0.36. The XRP token fell by 7.2% and is available for purchase for $ 0.43.

In general, the global market capitalization of cryptocurrencies decreased by 2.1% per day to $ 1.2 trillion. The daily trading volume of digital assets totaled $ 81.7 billion.