Bitcoin, Litecoin & Cardano– American Wrap 1 February

Bitcoin price plunged to its weekly low of $22,862 earlier today, as traders awaited the US Federal Reserve’s rate hike decision. BTC has traded sideways in the 24-hours preceding the rate hike announcement. Bitcoin price held steady above the $23,000 immediately after the 25 bps hike.

 

Litecoin price appears unfazed by the resistance formed above Bitcoin’s trillion-dollar market cap. Market makers may be eyeing the surplus liquidity resting in the mid-$120…


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