The Crypto Market Liquidity Dries Up Thanks to Feds Resuming Rate Hike
Too Long; Didn’t Read
The US Federal Reserve remarked in a press release this week its intention to raise the interest rate benchmark by 25 basis points, resulting in a new target range of between 5.25% and 5.5%.
Bitcoin’s 7-day average trading volume hit a 30-month low last week, plunging to levels that were previously witnessed before BTC broke $20K back in December 2020. Clearly, market participants remain largely inactive.
Sam Altman’s recently launched World Coin has received mixed reactions, with some praising the Proof-of-Personhood (PoP) concept, while others, including Ethereum’s co-founder Vitalik Buterin, have raised concerns about its privacy.
Too Long; Didn’t Read
The US Federal Reserve remarked in a press release this week its intention to raise the interest rate benchmark by 25 basis points, resulting in a new target range of between 5.25% and 5.5%.
Bitcoin’s 7-day average trading volume hit a 30-month low last week, plunging to levels that were previously witnessed before BTC broke $20K back in December 2020. Clearly, market participants remain largely inactive.
Sam Altman’s recently launched World Coin has received mixed reactions, with some praising the Proof-of-Personhood (PoP) concept, while others, including Ethereum’s co-founder Vitalik Buterin, have raised concerns about its privacy.
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