ETH,

ETH,
Shortly after the announcement of the US Federal Reserve to suspend the rate hikes, Bitcoin took a sharp turn and fell at a low of several months.
Most old coins are even worse: ETH, XRP, ADA, DOT, LTC, AVAX and many others lose 5–7 %.
BTC falls below $ 25,000
The last week was not particularly good for BTC, although BTC recovered on Tuesday after the SecC's complaints against Binance and Coinbase. When the weekend got closer, Bitcoin again fell from $ 27,000 to less than $ 26,000.
The weekend itself was a bit more positive because BTC was around $ 26,000. The first days of the new week were similar, with the cryptocurrency being traded at this level.
Then came the US FOMC session, in which FED boss Jerome Powell would likely stop the monetary policy of the key rate increases. Powell actually announced this, but somewhat surprising it had a negative impact on the BTC Prize.
After it had remained relatively quiet in the first few hours, BTC crashed to less than $ 25,000 for the first time since mid-March. Although the asset tries shortly afterwards to recover, it is still being traded below this level.
Its market capitalization has dropped to $ 485 billion, while its dominance compared to the old coins is tacitly at 47.5 %.
Btcusd. Tradingview
alts dump hard
The alternative coins followed BTC on the way to the south. With a decline of over 6 %, Ethereum is one of the low -performance old coins with larger market capitalization. As a result, ETH has dropped to a low of several months with less than $ 1,650.
ripple, Cardano, Litecoin, Polkadot, polygon and avalanche have all lost similar percentages. Binance Coindogecoin, Tron, Solana and Shiba Inu also write red numbers, albeit in a less painful way.
The mid and low cap-Alts also suffered. Some of the most remarkable daily drops come from companies such as Lido Dao, Arbitrum Hbar, XLM and Toncoin.
Overall, the entire crypto market capitalization has dropped by $ 40 billion and is about to fall below the coveted mark of $ 1 trillion.
Overview of the cryptocurrency market. Quantify crypto