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[Stucker Shanon]

The Federal Reserve’s decision to raise interest rates sent the stock and crypto markets into a downward spiral that persisted throughout the weekend and this week. All cryptocurrencies were weighed down as central https://www.bbc.com/news/business-61375152 banks globally tried to control inflation by raising interest rates. Bitcoin, the world’s largest cryptocurrency, dropped below $30k as inflation fears and the Fed’s readiness for “short-term pain” rattled markets.

A jump in stocks https://truxgo.net/blogs/219400/661490/ftx-s-billionaire-chief-says-bitcoin-has-no-future-as-a-payment today didn't halt a sixth straight weekly fall. "Currently, there is growing concern around financial stability in China. In this context, the crackdown on cryptocurrency is an attempt https://lenincoin.com/ to contain a potential source of instability," she added. The Chinese miners helped raise Bitcoin’s value by more than 1,000 percent in a year to an all-time high of nearly $65,000 in April.