Bitcoin immediately felt the impact of Wednesday’s Federal Reserve interest rate increase and failed to gain upward traction. Other macroeconomic variables also contributed to the decline of the world’s leading cryptocurrencies, including Ethereum and other significant cryptocurrencies. Bitcoin lost its grip on the critical $19,000 handle following the U.S. central bank’s announcement. As of this writing, BTC is trading at $18,950, down 5.5% in the last… Source link

Few words outside of politics polarize more than cryptocurrency. Crypto is among the most urgent of current tech topics, driven by billions of cryptocurrency trades weekly — bitcoin and so many others — and a cultural stigma perhaps unseen in finance since the days of the Wall Street wolves of the 1980s. Almost since its creation, crypto has been characterized by sudden wealth creation, surprise hacks, big scams, bold promises and shattered dreams. And the craziest part is no one can say… Source link

The price is moving upwards once again in the latest Litecoin price analysis as the bullish momentum returned to the market today. The price decreased in the past week tremendously, with a few flash crashes observed on 15 and 18 September 2022, which deteriorated the coin value extremely, and even yesterday, it experienced a downfall as the bears were ruling the market. The price dropped down to $51.02 before finding support, but bulls have made a significant return today, and the price… Source link

Ethereum has been in the heat of discussion on social media following the release of the Merge last week. However, everything has not gone according to plan as ETH prices have dropped below $1,350. In fact, Ether’s weekly losses are now at more than 17% according to CoinMarketCap. But anonymous crypto enthusiast (@CryptoGucci) believes all hope is not lost for Ethereum in a recent tweet thread. The past 48 hours in #Ethereum, a quick thread🧵 — Crypto-Gucci.eth… Source link

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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

The price of Bitcoin dropped sharply following the Federal Reserve’s announcement that it would hike interest rates by 75 basis points to combat sky-high inflation.  The biggest cryptocurrency by market cap dropped below $19,000 following the announcement before rebounding amid widespread market volatility. It’s now trading at roughly $19,039, down around 1% over the last hour. Bitcoin is also down approximately 5.7% in the past seven days.  Market analysts had expected the Fed to raise… Source link

The Fed saw evidence of a slowing economy at its July meeting, but the data released since then suggests otherwise. Notably, the jobs market has remained firm, keeping wages higher. The August consumer price index (CPI) figure released last week revealed that prices for things like rent and services are preventing inflation from cooling. Source link

Text size Crypto prices have slid amid rising fears of a more aggressive Federal Reserve. Dreamstime … Source link

Bitcoin (BTC) underwent a weak rebound on Sept. 21, and the U.S. dollar jumped to a new yearly high as investors await Sept. 21’s Federal Open Market Committee’s interest rate decision. BTC price holds $19K ahead of Fed decision BTC’s price has managed to cling on to $19,000 with a modest daily gain of 1.33% . Meanwhile, the U.S. dollar index (DXY), which measures the greenback’s strength versus a pool of top foreign currencies, rose to 110.86, the highest level in 20 years. BTC/USD vs. DXY… Source link