Crypto markets have been in turmoil following US inflation soared to 8.6 percent in May, which might pressure the Fed to raise interest rates to 0.75%, above expectations of just 0.50%, while the protracted Russia-Ukraine war remains unresolved. Repeatedly, intensifying the violence Investors sell to reduce the risk. Bitcoin price dropped $ 28,000 at $ 27,487, down 4.25% while 3 popular Thai coins. did not survive a drop of almost 10%
Today (June 12) Cryptocurrency Market has dropped quite severely In particular, the main cryptocurrency, Bitcoin, fell below $28,000, making other coins. fall all together As of 7:00 p.m., Bitcoin was at $27,487, down 4.25% in the past 24 hours, while Ethereum was at $1,465.90, down 6.98%. KUB Coin moved at 91.70 baht, down 9.75%, JFIN Coin at 29.49 baht, down 10.84%, and SIX at 2.68 baht, or down 9.92%.
The main factor affecting the crypto market is the US inflation rate for May, which hit 8.6 percent, higher than expected. Causing the market to worry that the Federal Reserve (Fed) meeting this week (June 14-15) may raise interest rates 0.75%, higher than expected at only 0.50%, including the Fed may signal the use of Tighter monetary policy at this meeting from such factors has affected the crypto market including stock markets around the world
In addition, the war between the states of Russia and Ukraine protracted for a long time And there is currently no clear direction when it will end. Including also signaling will intensify This caused investors to worry regarding selling their digital coins first. to reduce risks that may occur in the future
