HomeUncategorizedHere’s what happened in crypto today By Cointelegraph

Here’s what happened in crypto today By Cointelegraph

June 15, 2023

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The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Federal Reserve Chairman Jerome Powell revealed that the central bank would pause rate hikes for June.

While this move aligned with investors’ expectations, the crypto market has yet to show any bullish momentum. Powell also mentioned that at least two more rate hikes would be needed in the future.

Cryptocurrency market performance, 1-day chart. Source: Coin360
Global economic health. Source: U.S. Bank
exchange net transfer volume. Source: Glassnode
All protocol ecosystems’ total value locked. Source: DefiLlama