Cryptocurrency market is in decline: What is the reason?

 The cryptocurrency market, which kept smiling faces until the middle of last week, started this week with a great decline. The decline was triggered by the US Federal Reserve's inflation statement.
The cryptocurrency market, which continued to rise by making its investors smile until the middle of last week, started to hang again, especially with a big drop seen on Wednesday. The market, which had been falling for a while until the end of the week, hosted a major pullback again yesterday.

 Bitcoin, which entered the new week above the level of 46 thousand dollars on April 4, was withdrawn to 43 thousand dollars with its decreases on April 5 and 6. Bitcoin, which closed the week at the threshold of 42 thousand, hardened its decline on the first day of the new week. Bitcoin closed the day by falling to the level of 39 thousand 200 dollars in the fall that started yesterday. As of writing this article, Bitcoin is hovering around $39,900. This decline, in which Bitcoin fell below $ 40,000 for the first time this month, was attributed by many experts to the expectation of the US Federal Reserve to tighten its monetary policy to combat inflation. The inflation statement made by the Central Bank on Tuesday also strengthened these expectations and led to a decline in the markets. The decline was seen not only in the cryptocurrency market, but also in other markets.