Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout
Ether could continue dropping against the U.S. dollar in a high interest-rate environment.
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Ether could continue dropping against the U.S. dollar in a high interest-rate environment.
Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022?
Does Bitcoin have further to fall? BTC calms after stocks see a situation which has happened only twice this century.
But the token still risks falling by more than 30% based on a classic bearish continuation setup.
The U.S. Federal Reserve raised the benchmark interest rate on Wednesday and the increase was the biggest rate hike in two decades. “Inflation is much too high,” the central bank’s…
The Federal Reserve announced a 50 basis point interest rate hike during May’s Federal Open Markets Committee (FOMC) meeting. This is twice the size of the rate increase from last…
So far, so good for markets pricing in a 50-basis-point hike from the Fed, with chair Jerome Powell still to speak.
The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades.
Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term…
Worries over capitulation see MicroStrategy give away key insights into what it would do should Bitcoin price strength deteriorate.