The crypto market is down today, following a sharp pullback seen in the U.S. stock market after United States Federal Reserve chair Jerome Powell issued concerning statements about interest rates and high inflation.
Bitcoin (BTC) price currently trades at $22,300, a concerning level for traders who believe a dip below the $22,000 level would trigger a trend reversal down to $19,000. Similar worries also exist for Ether (ETH), which currently trades at $1,555 and has a key support level at $1,450.