look news india
Mumbai: Before the two -day meeting of the American Federal Reserve’s Federal Open Market Committee (FOMC) starting yesterday, there was a major decline in bitcoin -led cryptocurrency. This is the first meeting of the committee after taking over as US President Donald Trump.
The major crypto bitcoin slipped again below $ 100,000. There was also a big difference in other crypto behind bitcoin. Strong economic data in the US is likely to slow down the committee’s interest rates.
Bitcoin was seen in bitcoin on the first day of the week on Monday amid speculation about the time cut in interest rate continued for a long time. Solana, Dogcoin, XRP saw a decline of up to ten percent.
There were reports of forcibly abolishing loans taken at higher rates due to a big difference in prices. According to the report, a loan of about $ 770 million is over.
By late evening, bitcoin was trading at $ 99,000, Atherium at $ 3,066 and XRP at $ 2.80. Cryptocurrency’s global market capitalization dropped to $ 3.36 trillion. Last week, Bitcoin reached an all -time high level of over $ 1,09,000.