Bitcoin Soared to 5-Month High Above $24K Following Fed's Interest Rate Hike (Market Watch)

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

MATIC and Avalanche are today's top performers from the larger-cap alts.

at first, but the landscape changed in the following hours. The asset first dipped below $23,000 before it shot up to $24,350 . This became its highest price tag since mid-August 2022.

Bitcoin has lost some value since that local peak but still trades well in the green on a daily scale. As such, its market cap has touched $460 billion, and its dominance over the alts sits tight at 42.2%.The alternative coins also sat quiet yesterday ahead of the FOMC announcement, but most have gone on a roll now.

Ethereum leads the charge. The second-largest crypto touched $1,700 earlier, and even though it currently stands beneath that line, it’s still over 6% up on the day. Binance Coin has tapped $330. Similar gains are evident from Cardano, OKB, Solana, Polkadot, Uniswap, Litecoin, and Shiba Inu. Polygon and Avalanche are the two with the most price increases in a day – 14% and 15%, respectively. As a result, MATIC trades at $1.22, while AVAX is just inches away from $22.

The lower- and mid-cap alts are with similar gains as well. As such, it’s no wonder that the total crypto market cap has added over $30 billion daily and is close to $1.1 trillion.

 

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

 /  🏆 568. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Tesla's SEC Filing Shows Bitcoin Fair Market Value of $191 Million – Featured Bitcoin NewsThe fair market value of Tesla's bitcoin at the end of 2022 was $191 million, according to the company's SEC filing. crypto cryptocurrency $BTC $TSLA This is exactly why I only trust ChiefraFba for signals and analysis Ok then, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Ok great, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
Source: BTCTN - 🏆 531. / 51 Read more »