Text size Crypto prices jumped alongside etch stocks after the Federal Reserve announced it would raise interest rates by 75 basis points. Dreamstime … Source link

Riding on the back of the FOMC meeting rate hike announcement, and the Fed Chair’s assertions that the US is “not” in a recession and the economy is on track to grow this year, markets across the board rallied. Well, a 75 BPS hike is technically not a healthy sign. However, analysts and market participants were expecting the same. So, the Fed merely delivering didn’t cause chaos in the markets. Besides, given that similar back-to-back hikes have been green-flagged over the past few… Source link

The cryptocurrency world is full of surprises and mysteries. This article is all about what is Monero XMR Crypto and whether Edward Snowden behind the project? Let’s take a look at it in more detail. What is Monero (XMR) Crypto? Monero is a cryptocurrency that has a high degree of anonymity. It is a decentralized cryptocurrency that operates a public distributed ledger infused with privacy-concentrated technologies to achieve anonymity. It is also an open-source technique that… Source link

Litecoin [LTC] bulls have shown signs of weakness near the $60 price range where it has been facing resistance during its recovery phase. However, the cryptocurrency has managed to avoid a sizable retracement by maintaining its momentum above its 50-day moving average. Litecoin has managed to stay above the 50-day moving average for almost 10 days. At press time, the token stood at $59.85 up by 1.39% from the day’s opening price. The Relative Strength Index (RSI) too moved towards the… Source link

Crypto prices have been fluctuating in both directions since the beginning of the week. No decisive trend has been able to strongly establish itself. Nonetheless, the cumulative valuation of all coins has been revolving below $1 trillion of late, shedding light on macro-weakness. Amidst the ongoing ebb and flow, funds have been shuffling within the ecosystem itself. Most flows into Bitcoin have come via the Tether route over the past 24 hours. On the contrary, injections via the fiat route… Source link

Following the Fed’s interest rate hike announcement, the crypto market has made a positive rally, quite the opposite of what many expected. The Fed made an announcement recently that it hiked interest rates by 75 basis points to tackle soaring inflation. The inflation that touched 9.1% is considered to be the highest in the last 40 years. The Fed’s decision to hike the interest rates is a follow-up of the soaring inflation and a possible upcoming recession. The global crypto market,… Source link

Ether (ETH) is down 11.5% in seven days even after the recent confirmation of the “Ethereum merge” transition to a proof-of-stake (PoS) consensus network in September. During the Ethereum core developers conference call on July 14, developer Tim Beiko proposed Sept. 19 as the tentative target date. The transition out of energy-intensive mining has been delayed for years, and the journey toward scalability using sharding technology — parallel processing capability — is yet to be scheduled…. Source link

Bitcoin (BTC) charged above $22,000 on July 27 after the United States Federal Reserve enacted another major interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed: “Appropriate” to keep hiking after July Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting positively to confirmation that the Federal Open Markets Committee (FOMC) had unanimously voted to hike the Fed funds rate by 75 basis points. “The Committee seeks to achieve maximum… Source link

If there has been one cryptocurrency that has taken the market by surprise over the last 24 hours, it’s Monero [XMR]. In a market where top coins, including Bitcoin [BTC] and Ethereum [ETH], have dropped in price, XMR has increased. At press time, the private cryptocurrency had gone up 7.84% as per CoinMarketCap. However, the rise may not be shocking as many would have intended, especially after its big fall to $138.93 on 23 July. Over the last seven days, its cumulative price increase… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link