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The fresh pressure on prices comes after the Federal Reserve assured markets that rate hikes will continue this year and reports that cryptocurrency lending platforms Delio and Haru have suspended withdrawals after facing high demand from customers.
On Wednesday, U.S. time, after the Fed ended its 15-month interest rate hike, Bitcoin suddenly fell, once falling below $25,000. The suspension of interest rate hikes is only temporary. Therefore, in the long run, risk assets including Bitcoin There are more troubles.
Since the attacker mortgaged as many as 924,821 BNB on the Venus Protocol, the lending agreement on the BNB Chain, the mortgage position may be forced to liquidate at any time. Once such a large-scale BNB supply is not handled properly, it may lead to serial liquidation.
The cryptocurrency market is currently facing headwinds, causing the altcoin market to be tested.
Key week for crypto markets, pressure builds
Bitcoin, Ethereum Need to Hold Support Levels
Otherwise, selling pressure lingers
The Binance Exchange said on Twitter on Monday (12th) that it will exchange the 750 million Tethers issued by the Tron blockchain for TEDA coins on the Ethereum blockchain to maintain the flow of stablecoins. May help cushion the impact of these recent blows.
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