Crypto Market Down Today- Here Why?

Federal Reserve Interest Rate Hike

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Fed began indicating that it will ultimately raise interest rates,

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And research indicates that the price of Bitcoin would significantly decrease by December 2021.

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The ongoing risk of regulation

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The relationship between the cryptocurrency sector and regulators has a long history of conflict,

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Either as a result of a variety of misunderstandings or scepticism over the real use case for digital asset

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Cryptocurrency values are still affected virtually monthly by the prospect of unfavourable restrictions

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The drops in asset values in the cryptocurrency market are also attributed to

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The collapse of Terra's LUNA and Celsius Network, as well as Three Arrows Capital's (3AC) misuse of leverage and client money

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