Bitcoin trading over the past week has seen a sharp drop in price up to 1.35 percent to a price range of US$29,901 per coin, Sunday (23/7/2023). A number of other top crypto coins also recorded price drops this week. Like Ethereum, whose price slumped 2.85 percent to $1.875 per coin. Followed by the XRP coin which also experienced sideways until the price fell 0.41 percent to 0.47426 US dollars. Meanwhile, Solana's price movement fell 11.65 percent to $24.70 per coin. Meanwhile, Cardano was dragged down 2.33 percent to around 0.3152 US dollars per coin. Until the global crypto market capitalization also weakened to the position of 1.2 trillion US dollars, quoted from Coinmarketcap. The fall in crypto trading this week was influenced by the hot sentiment of the American central bank or The Fed, which again called for the minutes to raise the benchmark interest rate by 25 bps at its meeting in July. This signal of monetary tightening was made by the chairman of the central bank, Jerome Powell, after the Fed officials agreed to raise the benchmark interest rate to a higher level at the meeting in July 2023. It is not certain how long crypto investors will continue to experience wait and see mode, but based on current market historical data the current decline in the global crypto market will last for some time to come. In line with the tightening measures taken by the Fed to reduce America's inflation rate to around 2 percent as planned by the US central bank. If this condition continues to occur, crypto investor confidence will fade. The peak of crypto assets again has the potential to experience a bear market or prolonged price declines because they are no longer seen as investment assets. Read our other insightful economic news: https://bit.ly/FPGGlobalEco #FPG #Fortuneprimeglobal #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity #na