Wednesday, May 18, 2022

BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE By Cointelegraph

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© Reuters.

The equity markets in Europe and the United States are seeing a sea of red as traders continue to sell risky assets due to the geopolitical situation. (BTC) and several major cryptocurrencies are also witnessing profit-booking after the recent rise.

Another reason that could be keeping investors on the edge is the upcoming Federal Open Market Committee (FOMC) meeting on March 16. A statement from Fed Chair Jerome Powell on March 2 highlighted that the central bank is likely to hike rates this month.

Daily cryptocurrency market performance. Source: Coin360