Fed Key Remark Shakes Crypto Market; What's Next?

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Fed officials have recently delivered crucial comments meant to have significant implications for cryptocurrencies

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Although slightly lower, Bitcoin was little moved in the last 24 hours, up 0.97% to trade at $61,595 at press time.Bitcoin reached a high of $73,798 in March but is trailing traditional investments such as stocks, bonds and gold this quarter. The 200-day moving average, which is currently around $57,738, is being watched as a potential zone of support for the price in the event of further declines.

In the following days, investors and market participants will continue to monitor the Fed's policy decisions closely and their implications for cryptocurrencies.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 Key Market Indicators Traders Need to Watch Today Ahead of Fed, CPI ReportMarket Overview Analysis by Michael Kramer covering: S&P 500, US Dollar Index Futures, Crude Oil WTI Futures, United States 3-Year. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »