Crypto Coin Market Inflamed After the last two days of bullishness, now most crypto coin prices are reported to have fallen sharply including Bitcoin which fell 2.22 percent to $20,820 USD in trading Thursday (19/1/2023). Down from the highest level on Wednesday (18/1/2023), at which time Bitcoin was pegged at around $21,488 USD.This drop was a huge blow to the crypto market, causing other coins to experience a drop in price and a decrease in market capitalization. Including the second largest crypto coin, Ethereum which was also reported to have fallen 3.49 percent to a price of $1.528 USD, a similar decline was also experienced by Cardano which fell 5.07 percent to $0.3322 USD. Followed by a meme depicting a puppy, Dogecoin also experienced a significant decline of 6.42 percent until the price fell to $0.08137 USD. As well as Solana which weakened 6.44 percent to $21.62 USD and Shiba Inu which fell 10.47 percent to $0.00001126 USD. While the price movements of Tether, USD Coin and Binance USD continued to fluctuate slightly below 1 percent with each coin priced at $1.00 USD. This decline occurred as a result of the hawkish signals made by the US central bank, which is often called the Fed, where at a meeting on Wednesday, St. Louis Fed President James Bullard emphasized that his party would raise interest rates above 5.00 percent to 5.25 percent. percent, to combat the ongoing inflation epidemic in America. Although this is not the first time the Fed has taken such an aggressive stance, the impact of rising interest rates has encouraged investors to leave the stock market for bonds and switch to safe haven assets that are considered more promising, such as the dollar. #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity #nasdaq #forex #portfolio #trading #capital #stocks #margins #facts #livetrading #economicnews #derivatives #globalnews #globaleconomy