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

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

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

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

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

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

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