Bitcoin tumbles below $ 20k and  ethereum value rolls back by 4%

Bitcoin tumbles below $ 20k and ethereum value rolls back by 4%

Fed chief Jerome powell speech over taming inflation and being more assertive toward monetary tightening sees cryptocurrency falling

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Fed indicated that interest rate hike of point 0.75 point was expected to be rolled back however fed chief indicated that he is going to be more stern on inflation

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As more rate hike there will less loans available and less investment

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Cryptocurrency market tumbling shows that Nasdaq and S&P falling affects it

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Cryptocurrency market were heading upside for multiple weeks but the tumbling due to tight fed policy wiped the multiweek gains

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The fear and greed index for cryptocurrency is back in to extreme fear category

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The hopes that cryptocurrency can act as inflation hedge is sinking as it is mirroring the stock markets

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