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According to data from CoinMarketCap approx $129 billion wiped off the cryptocurrency market in a 24-hour. AS Dow Jones Industrial Average lost more than 1,000 points on Thursday marking its worst single-day drop since 2020 sparked the selling of cryptocurrency market .
The US Federal Reserve raised its benchmark interest rate by half a percent point. Further interest rate hikes and tightening of monetary policy have sparked fears that the US could go into recession .
Bitcoin fell 8% and trading at $36400 , as bitcoin fell below $37000 some experts of crypto saying it could test low of $30000 and if price falls below that then it could also test $25000.
All crypto fell sharply from 4% to 10 % ETH is 6.64% down and tading at $2731. Solana is down 10% and trading at $83 .Terra and xrp down approx 5%