Bitcoin, Ethereum, and stocks fall as Fed plans to raise interest rates

Bitcoin prices fell again, losing more than 6% of its value in 24 hours. According to data from CoinGecko, the token has risen from nearly $ 52,000 to $ 43,500 since December 27, according to data from CoinGecko.

Bitcoin’s market value advantage means that its share of the cryptocurrency’s total market value has passed 37%, its lowest level since 2018, but this is not unique to Bitcoin. The assets are cooled in January.

Elsewhere in the top 10, Ethereum fell almost 8%, Terra 9% and Solana 10% on Wednesday. Overall, the cryptocurrency’s market value has fallen more than 6% to $ 2.2 trillion, the last time it fell below $ 2 trillion in September 2021.

It’s not just cryptocurrencies that have gone up and down. US commodities fell today as the Fed said it would hike prices until mid-March.