The downtrend continues today as investors weigh with greater concern the Federal Reserve's decision to end the pandemic-era stimulus more quickly. Among the risky assets that pay duty today are also cryptocurrencies with bitcoin sliding in the last hour below $ 46,000, down 5.7% in the last 24 hours (CoinDesk data). Worse does ethereum at -7.7% in the $3,750 area. Among the major crypto flashy skidding at almost -9% for Dogecoin, Shiba Inu and Terra.
Cryptocurrency markets are particularly paying for the monetary tightening decided by the Fed and Boe to curb rising inflation concerns. The rise in inflationary pressures is considered by many to be one of the dominant for the Bitcoin price decrease.
The U.S. Securities and ech Exchange Commission continues to postpone decisions related to ech exchange-traded fund (ETF) on Bitcoin (BTC), releasing two new maturity extension notices.
On Wednesday, the SEC postponed the deadline for two major bitcoin ETF proposals, the Bitcoin ETF of N Arca
Now the SEC plans to decide whether or not to approve, or “bring appeals to determine whether to disapprove” the Bitcoin ETFs of Bitise.
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