ETH, ADA, XRP take losses as market liquidations exceed $110 million $ETH $ADA $XRP
suffered a second day of losses after the Federal Reserve approved a lesser interest rate hike than previous ones this year on Dec. 14.
The Fed has raised interest rates by 75 basis points four times this year to curb inflation, which is currently at a 40-year high in the United States. The Federal Reserve of the United States raised interest rates by 50 basis points this time. This move demonstrated to investors that, despite the modest rate increase, the Fed may sustain its aggressive monetary policy in 2023.
The markets reacted to the news, which may indicate uncertainty in the coming year of 2023. At the time of publication, most of the crypto market remained in the red, with several cryptocurrencies posting losses between 5% and 10%.According to
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