Market skews bearish following FED’s decision to leave interest rates unchanged
FED announced to keep its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. However, FED signaled that it may raise rates twice more this year.
After FED’s announcement, Bitcoin dropped below $25,000, down 3.83% in the last 24 hours. The remaining altcoins in the top 10 also fell by 1-6%.