It is a critical day in the cryptocurrency industry. Although the US Federal Reserve (FED) has kept interest rates constant at 5.50% as of today, FED chairman Jerome Powell's statements had a bad impact on crypto assets.

Although the leading cryptocurrency Bitcoin (BTC) did not experience any decline in the first minutes of FED chairman Powell's statements, there was a decline in BTC towards the end of Powell's statements.
When we look at FED Chairman Powell's statements, we see that the statements are not very harsh. Making statements similar to previous meetings, Powell said that they would continue to increase interest rates if deemed necessary.
Bitcoin (BTC), which experienced an increase to $ 27,300 with the start of the statements of US Federal Reserve (FED) chairman Jerome Powell, faced selling pressure in the following minutes.
In line with this selling pressure, BTC dropped a needle to $ 26,750, causing altcoins to lose value.
Bitcoin managed to react upwards again after this 2% decline. BTC, which managed to reach 26,900 levels, seems to regain the $ 27,000 level in the coming minutes.
If Bitcoin fails to exceed the psychological limit of $27,000 in the coming hours, it may cause renewed declines in the crypto market.
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