Selling pressure increases after US Fed Hikes Interest Rates, hitting cryptocurrencies, including Bitcoin, Ethereum, Shiba Inu and Dogecoin.

Bitcoin (BTC) prices fell the most in almost a month after the US Federal Reserve raised interest rates on Wednesday. According to sources, $100 million in BTC was liquidated within one hour after the news of the interest rate rise.

As of Thursday morning, BTC has dropped as much as 8.4 percent to $36,410.49, the most intraday decrease since April 11, 2022.