@BOMBERuss 7 October 2022 more from that month

On Friday, October 7, the quotes of the first #cryptocurrency #Bitcoin failed the level of $ 20,000 after the release of the report on the unemployment rate in the United States. Over the past day, the asset has fallen by 2.5%, according to #CoinGecko. According to the report, in September unemployment was 3.5% against the previous value of 3.7%. This is the lowest figure since April 2021, but it exceeded analysts' expectations. Such data will force the Fed to take a more hawkish position and raise the key rate by 75 basis points. In March, the Fed raised its key rate to 0.25–0.5% for the first time since 2018. The local rally of cryptocurrencies continued until April — bitcoin and #Ethereum reached annual highs. In May, the Fed raised the rate again — by 50 bp. Against the background of the news, the first cryptocurrency broke the $40,000 mark, but on the same day it failed the $36,000 level, which was the beginning of a protracted correction. In June, the agency raised the key rate immediately by 75 bps for the first time since 1994. The indicator reached the level of 1.5–1.75%, to which bitcoin reacted with a short-term increase to $ 22,000, and then collapsed below $ 18,000. The July rate increase to 2.25–2.5% led to an increase in the digital asset market. Bitcoin then broke the $22,000 mark, and Ethereum — $1,500. At the end of the summer, digital gold reacted to the speech of Fed Chairman Jerome Powell by falling below the $21,000 level. On September 21, the Fed again raised the rate range by 75 bp, to 3-3.25%. The cryptocurrency market reacted with a fall. #BTC