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

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When you learn the key differences between Dogecoin (DOGE) and Litecoin (LTC), it will help you to better understand the history of the blockchain market. Both of these projects were early contenders in the sector. As such, each has a pioneering spirit that drives their community and developers. Here’s some valuable insight into the differences between Dogecoin and Litecoin. What is Dogecoin? Dogecoin is a first-generation cryptocurrency that was designed to bring a little fun into the… Source link

Text size Bitcoin just capped its worst quarter since 2011. Dreamstime Bitcoin and… Source link

Litecoin price analysis today is bullish as the price of LTC has rallied to $54.04 after breaking out from a descending channel. The cryptocurrency had been trading inside this channel since early today. The price is currently facing resistance at $54.12 and has found support at $52.20. If the bulls can push the price above $54.12, Litecoin might target the next level of resistance at $55.40. However, if the bears take control, Litecoin might drop to $51.50. The LTC/USD pair has increased… Source link

Ethereum, also commonly known as Ether, is the world’s second largest cryptocurrency behind Bitcoin, and like any digital currency, it has experienced its fair share of ups and downs over its relatively short lifetime. The price of Ethereum rose to a record $US4800 in late 2021, which signified a rise of more than 900% over the previous 12 months and sparked speculation that Ether would overtake Bitcoin in value. However, Ether was not immune from the crypto routing of May… Source link

Litecoin price shows ambition in reaction to the Fed’s interest rate decision. A bullish engulfing candlestick is one hour away from settling as the New York Session comes to end. The bullish engulfing candle will establish a more important morning star pattern on the daily chart.  Litecoin price currently trades at $58.75. There is a slight uptick in transactions according to the Volume Profile Indicator. Additonaly the bulls have hurdled both the 8- and 21-day… Source link