The global cryptocurrency market has lost $130 billion over the past 24 hours, according to CoinDesk data.
The price of bitcoin has dropped by 6% to $33,352, down 51% from the record November (2021) level.
The price of Ether fell 12% to $2,218, down 53% from its record high in November.
Investors expect from the US Federal Reserve a tighter monetary policy and an increase in the refinancing rate.
If bitcoin fixes at the level of $30,000, then the market may have a basis for maintaining the price at this level and market growth, experts say.
Investors also evaluate news from different countries. Thus, the Bank of Russia proposed to ban operations with cryptocurrencies in Russia, as well as mining, issuance, circulation and exchange of cryptocurrencies.
