After several days of nosediving, bitcoin’s price soared by roughly two grand after the Fed’s refusal to increase the interest rates but dropped back down just as quickly.
However, it failed to breach that level and started to lose value gradually amid large outflows of US ETFs and the disappointing debut of the Hong Kong-based ones. The landscapeAll eyes were then on the US Federal Reserve in anticipation of its decision regarding the interest rates. As the US central bank said there will be no upcoming hike, BTC’s priceThis is all you need not to miss any price action in the raging crypto markets.
The total crypto market cap has managed to regain around $50 billion from yesterday’s low. As such, the metric has neared $2.3 trillion on CG.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.