Hawkish Fed comments and fears of stablecoin regulation spark market sell-off By Cointelegraph

Nov 5, 2021



The bullish optimism seen earlier within the week was dialed again on Nov. 4 after current feedback from United States Federal Reserve Chairman Jerome Powell confirmed that the central financial institution would quickly begin to taper its financial coverage of easing and bond-buying.

These statements seem to have kicked off a collection of value decreases throughout the crypto market and each (BTC) and Ether (ETH) are below stress in the intervening time.

BTC/USDT 4-hour chart. Supply: TradingView
ETH/USDT 4-hour chart. Supply: TradingView
Each day cryptocurrency market efficiency. Supply: Coin360