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Top Winning and Losing Cryptocurrencies of the Week
Cryptocurrency markets have been more volatile in the second half after staying flat in the first half of the week after the sharp drop last weekend.
After the total cryptocurrency market cap dropped to $1.04 trillion at the start of the week, the market entered a waiting phase. The event that started the increase in volatility in the crypto money markets this week was the announcement of the Fed's interest rate decision.
The Fed kept interest rates steady after a long hiatus, as expected. Although this was interpreted as positive data for crypto markets, there was no upward trend in the market, because after the announcement of the decision, Fed Chairman Powell made hawkish statements, while uneasiness increased among crypto investors and exits were observed from the market.
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