Bitcoin (BTC) briefly dipped below $22,000 this morning but quickly rebounded.
At the time of publication of this review, the largest digital currency was trading at $22,028. Over the week, its capitalization fell by almost 8% to $425.368 billion. Ether (ETH) fell during the Asian session to $1,553.
Cardano (ADA), Polygon (MATIC) and Dogecoin (DOGE) are down 10% this week to $0.324, $1.12 and $0.07 respectively. The capitalization of the cryptocurrency market on Wednesday, March 8, decreased to $1.007 trillion.
Pressure on risky assets intensified last Tuesday during trading in the US. Today, during the Asian session, shares of Hong Kong companies fell by more than 2%, according to CNBC.
Chinese stock indexes lost about 1%. The South Korean KOSPI fell 1.28% and the Australian S&P/ASX 200 fell 0.77%.
The markets became alert after the statement of the head of the Federal Reserve System, Jerome Powell, about his intention to intensify the fight against inflation.
The regulator may raise the discount rate already at the next Fed meeting, so the pressure on the IT stock market is likely to increase.
