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Negative news that affected digital currencies!!

$BTC

Negative news that affected digital currencies includes:

1. The US Federal Council’s decision to raise interest rates: This decision led to the exit of investments from high-risk assets such as cryptocurrencies, and their move to more stable assets such as the US dollar. This decision increases the cost of borrowing and reduces investors' appetite to invest in risky assets.

2. Freezing of withdrawals and transfers by the company “Siolis Network”: The major American cryptocurrency lending company “Siolis Network” froze withdrawals and transfers due to the harsh financial conditions, which raised concerns about the financial stability of companies linked to cryptocurrencies and led to increased selling.

3. Ongoing regulatory restrictions in China: China continues to impose strict restrictions on cryptocurrencies, including banning their mining and trading, and preventing financial institutions from dealing with them. These policies create an unstable market environment and prompt some investors to withdraw.

4. Natural market correction: After a period of significant rises, the market is now witnessing a natural price correction. This correction could be driven by earlier profit taking