Here’s what happened in crypto today By Cointelegraph

Here’s what happened in crypto today. The markets continued with volatile movements that decoupled the price action of cryptocurrencies from equities markets. The recent downturn in the crypto market appears connected to the Federal Reserve’s June 14 presser where Fed Chairman Jerome Powell revealed that the central bank would pause rate hikes for June.

While this move aligned with investors’ expectations, the crypto market actually reversed course and resumed the sell-off that has been in play for the past three weeks.