This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S. interest rates are back to pre-pandemic levels as the battle against inflation rages on. The crypto market has thus rallied in response to the rate hike as trader sentiment shocks market skeptics. Only surprises here Griffin […]

fees dropped by over a third during the week with respect to last week’s values. Furthermore, around $200 million worth of BTC and ETH holdings were taken off centralized exchanges.Correlations between Bitcoin and the Nasdaq 100’s prices have reached their highest in 90 days. Ergo, it is fairly evident that the market “bought the news”, thus improving the crypto’s case as a high-profile asset.In another major development it was found that 60% of BTC belongs to long term investors.

The trend has only increased during the dipping prices in 2022 as Bitcoin continued to shed value. Historically, long term accumulation in crypto has aligned with crypto markets. This further cements the “HODL” mentality which will eventually decide price floors for Bitcoin.The market continues to remain correlated to the current macro conditions “creating its own merits for growth”.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 22. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว