Cryptocurrencies continue to suffer from tension. The tensions between China and Taiwan and, finally, the developments that came to a war between Kosovo and Serbia continue to resonate in the markets. Although the leading cryptocurrency Bitcoin gained strength after the Fed announced its interest rate decision, long-term stability did not occur again.
While Global Markets are struggling with inflation, war tensions between countries are starting to increase day by day. Money markets also continue to be affected by the tensions of the war.
While the world economy is going through difficult times, central banks continue to take steps to maintain price stability. The US Federal Reserve raised interest rates by 75 basis points at its last meeting, raising it to 2.5 percent. In the light of the Fed’s interest rate move and then Fed Chairman Jerome Powell’s assessments for the future, Bitcoin started to make slight upward movements.
Those who introduced themselves as experts for Bitcoin, which exceeded the level of 24 thousand dollars, started to draw a roadmap again and determined the target price, support and resistance points.
Cryptocurrencies, which entered into a war climate, started to decline. The leading cryptocurrency Bitcoin is trading at $ 23,381 with a decrease of 1.57 percent. Bitcoin is trading 66% behind its historical high of $69,000.