Equity sell-off could drag BTC price lower

The Fed projected one more rate hike which stirred up traditional markets.

Yeld surged to a 16-year high, while the DXY index, which gauges the U.S. dollar’s strength.

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The highest since the peak of the U.S. regional banking distress in March.

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U.S. equity markets sold off as a result, with the broad-market index S&P 500 losing 1.6%.

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The tech-heavy Nasdaq Composite Index plunged 1.8%, according to digital asset .

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The strain on the equity market due to the strict Fed policy could drag on crypto prices.

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Borrowing costs will remain elevated and refinancing will be a nightmare for crypto firms.

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U.S. equity and rates markets have broken some very key levels on the back of this.

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