The Statements of FED Chairman Powell Have Dropped The Cryptocurrency Level

The statements made by Jerome Powell, Chairman of the American Federal Reserve Bank (FED), caused a decrease in the level of Cryptocurrency. Speaking about the global economy within the scope of the International Monetary Fund (IMF) Spring Meetings, President Powell noted that a 50 basis point increase in interest rates was discussed at the Fed's meeting to be held between 3-4 May. With the statement of Jerome Powell, Chairman of the American Federal Reserve, there was a negative movement in the crypto money. Bitcoin, which recently broke through the 40k resistance level, and the altcoins that followed it dropped. While Bitcoin was nearing $43,000 yesterday, it plummeted following Powell's statements. As of this afternoon, it lost 3.5 percent value and dropped down to $40,400. In the last 24 hours, 93 of the top 100 cryptocurrencies in terms of market value have lost value.