Cryptos decline, tech giants tumble on Fed’s 2022 plan

The majority of cryptos have posted losses in the past 24 hours, with many of the top 10 in the red this morning. The three major US indices ended the day in the red yesterday after the Fed announced its intention to hike rates at least three times in 2022. (-5%), NVIDIA (-6.8%), Amazon (- 2.56%) and Microsoft (-2.9%) all fell.

Best cryptos

Bitcoin was down 2.5% at the time of writing, priced at around $ 47,500. The biggest losses in the top 10 came from Polkadot, who lost 8%, followed by Cardano, who fell more than 6%. Dogecoin and Shiba Inu both lost around 5%.

Top movers

Yearn Finance, an aggregation service for decentralized finance (DeFi) investors, has grown 31% in the past 24 hours. It uses automation to enable them to maximize the profits from yield farming.

Arweave is a decentralized storage network that seeks to provide a platform for the indefinite storage of data. Describing itself as “a collectively owned hard drive that never forgets”, the network primarily hosts “the permaweb” – a permanent, decentralized website with a number of community applications and platforms. He gained 13% today. BORA is up 12%.

Curve DAO Token is also one of the few winners. He gained almost 8% today.

Since its price spike of nearly 150% on August 30, Celo’s gains have not stopped. A recent listing on eToro helped. It has gained 8% in the last 24 hours. Waves have increased 5.80% in the past 24 hours.

Elrond is one of the biggest losers of the day, down over 18% and reversing yesterday’s gains. Another loser is Kadena with a 16% drop in value. XDC Network, one of yesterday’s winners, has lost 14% so far today.

Tendency

After migrating to BSC, onLEXpa records huge gains. Online Lex Partners (onLEXpa Tokens) specializes in the development of online courses and projects. It aims to make education in the world more accessible through blockchain technology. It is up 82,742.84% today.