Sam Bankman-Fried blames Feds for the crypto downturn - BitcoinEthereumNews.com
cryptoSinisisi ni Sam Bankman-Fried ang Feds para sa pagbagsak ng crypto06 / 19 / 2022Balita ng Ethereum ng Bitcoin Sam Bankman-Fried, CEO of FTX, alleges that the Feds are driving the crypto downturn. The last few weeks have seen cryptos collapsing. The wealthy merchant told the media that the Fed is raising interest rates to combat excessive inflation. The billionaire noted that the central bank is “stuck between a rock and a hard place.” Thus, he understands the difficulty of its mission. Yet, he stated that the Feds decisions in the following months would significantly impact his business perspective. The Fed raised interest rates for the first time since 1994 earlier this week. Financial markets have been increasingly anxious, and cryptocurrencies have been in meltdown mode. Bankman-Fried stated, “markets are afraid.” “It even terrifies the wealthy.” FTX is a firm that helps investors trade digital currencies through its app and websites. Last week, Bitcoin, the most well-known crypto, fell by almost 20%. Furthermore, it continued to decline over the weekend. It is now less than half as valuable as it was at the start of the year. Other digital currencies have fallen much worse – Ether has lost more than 70% of its value in