Reasons Why The Crypto Dream Is Turning Into A Nightmare

Higher Interest Rates

The Federal Reserve announced another interest increase as they added fuel to the Crypto fire. There are many reasons why investors are having problems at the moment. But this is arguably the worst time for federal institutions to be making changes. They’re trying to slow inflation but this hurts cryptocurrency.

Historically, Bitcoin suffers drops every time the Federal Reserve meets so it’s not surprising that it happened again. However, other external factors made this a difficult situation for developers and investors. Unfortunately, crypto isn’t immune from the pain of external markets (via Time).