All major cryptocurrencies fell sharply

On May 5, 2022, at about 17:00, all major cryptocurrencies began to fall sharply in price. Analysts predict that the bitcoin will continue to fall, pulling other assets with it.

What is known

If we look at top 200 CoinMarketCap , we will see that almost all charts “turned red”, which indicates a fall in the value of the cryptocurrency. Price bitcoin by 19:00 fell below $ 37,000, the rate BinanceCoins reached $380, and Ethereum fell to almost $2,745.

Interestingly, only yesterday bitcoin exceeded $40,000 amid information that the Federal Reserve is raising the key rate by 0.5%. Analysts say that soon BTC will trade at $35,000, after which the buyers will become active, and the price will go up again.

Source: CoinMarketCap