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Bitcoin loses $ 2000 after publication of US government data

11:13 am, March 23, 2023

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 $74,847.23 Bitcoin 0.26% Market capitalization $1.48 trillion VOL. 24 hours $5.58 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 $2,847.66 Bridged Ether (StarkGate) 9.55% Market capitalization $0.23 billion VOL. 24 hours $2.46 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.

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BTC

$74,847.23

0.26%

ETH

$2,847.66

9.55%

BNB

$600.22

3.31%

XRP

$0.56

4.88%

SOL

$188.87

1.97%

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