The #crypto market is down today for several reasons:  1. #Silvergate shutting down 2. #hawkish speech from Powell 3. The lawsuit against KuCoin. Just in: President Biden proposes a 30% tax on the cost of powering #crypto mining firms. #CryptoNews

#U.S. stocks skid, oil prices tumble amid Powell's #hawkish comments

Crypto market flashes red ahead of Fed/Wall Street clash FOMC reportedly fears that the rising #stocks market might undermine its targets. The #hawkish posture unsettled markets briefly on Monday

Crypto market flashes red ahead of Fed/Wall Street clash FOMC reportedly fears that the rising #stocks market might undermine its targets. The #hawkish posture unsettled markets briefly on Monday

FOMC reportedly fears that the rising #stocks market might undermine its targets. The #hawkish posture unsettled markets #briefly on Monday.

#FOMC reportedly fears that the rising #stocks market might undermine its targets. The #hawkish posture unsettled markets briefly on Monday.

#BTC price retraced all of its intraday gains after Fed #chair Jerome Powell issued #hawkish statements related to the central bank's 50 basis point #interest rate hike.