The crypto market, which was turbulent over the weekend, is struggling to hold on to critical levels on the first day of the week.
Bitcoin, which saw the lowest level in 18 months, again exceeded the level of 20 thousand on the first day of the new week. Ethereum is also trying to continue its course above a thousand dollars.
After the US Federal Reserve increased interest rates by 75 basis points, dizzying movements were experienced in the crypto markets. Bitcoin, the largest cryptocurrency, tumbled close to 15% on Saturday, then recouped its losses by rising 16% on Sunday.
This year, against inflation, central banks increased interest rates. Bitcoin’s losses this year amounted to 57 percent as the global tightening trend triggered an escape from risky assets.
Cryptocurrency platforms are resorting to extraordinary measures. Some crypto platforms have decided to freeze accounts.
