Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns

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MARKET WRAP: $BTC, $ETH and other cryptos remained roughly flat for yet another day amid stubbornly high inflation. GWilliamsJr_CMT JPRubin23 and _jocelynyang_ report

The largest cryptocurrency by market value remained above this threshold for the 14th consecutive day as investors continued to digest a range of issues that have been plaguing markets for weeks or longer.

Bitcoin was recently trading at about $19,200, up ever so slightly from 24 hours earlier. Ether was recently changing hands just below the $1,300 level that has been its primary compass point for more than a month. Other major altcoins were largely flat, although XRP was up over 3%. , a broad-based market index that measures the performance of a basket of cryptocurrencies, recently rose 0.6%.was recently trading at about $19,200, roughly where it stood Thursday, same time, and near the bottom of the $19,000 to $21,000 range BTC has held for more than a month. Trading volume remained moderate.was recently changing hands just below $1,300, also about the same from Thursday, and near its bottom support for much of the past month.

, Brent crude oil, a measure of energy markets, ticked up slightly to trade over $93 per barrel, up more than 15% from the start of the year. Safe-haven gold climbed 1.6% to trade at $1,654 per ounce.is widely expected to raise interest rates by another 75 basis points during its next meeting on Nov. 2-3, but futures traders now anticipate the central bankers to moderate their current monetary hawkishness.

 

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GWilliamsJr_CMT JPRubin23 _jocelynyang_ This does not surprise me and that is why I spend as much usdt as possible to buy bitcoin and other promising projects

GWilliamsJr_CMT JPRubin23 _jocelynyang_ Manipulation hit us hard.

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