After fears of a recession in improved economies like the United States and Europe were triggered.
The trading of crypto coins has been erratic, mirroring the slow performance of global stocks.
Everyone involved in the crypto industry has felt the backlog of the present bear market.
From their all time high, the prices of the popular crypto currencies has fallen by 70%.
Many people has faced their evaporating life savings while most crypto currencies failed.
In the meantime, Ethereum the second most valuable cryto currency has risen by 1.04%.
It is estimated that the market value of Ethereum is 161 billion dollars.
In the past 24 hours, the most gained crypto currency was chainlink.
On the other hand, Tera Classic topped the list of laggards by falling more than 7%.
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The FOMC is dedicated in achieving its 2% inflation goal very quickly.