$BTC was trading sideways but $ETH was recently up and other cryptos rose well into the green, despite ongoing macroeconomic challenges. JPRubin23, GWilliamsJr_CMT and _jocelynyang_ report
More storm clouds formed over the global economy on Thursday as the U.S. Labor Department announced a small dip inby a jumbo-sized 75 basis points, matching recent U.S. hikes.
The two unrelated events underscored the difficulties central banks are facing in cooling the economy and stemming inflation, and they sent equities downward.the two largest cryptocurrencies by market capitalization, were recently trading flat at roughly the same levels they’ve maintained for much of the past two weeks. BTC was holding steady at about $20,200, up a smidgen over the past 24 hours, while ETH continued to hover over $1,500, a 2% gain for the same period.
“Hawkish monetary policy and macroeconomic uncertainty rage on,” CoinDesk crypto markets analyst Glenn Williams wrote. “But crypto investors ultimately have little else on their mind than cost basis.” Most other major tokens were trading solidly in the green, with the tokens of Web3 platforms Filecoin and Storj rising more than 14% and 10%, respectively. The increases followed an announcement by
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says – Exchanges Bitcoin NewsThe Monetary Authority of Singapore has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users.
Weiterlesen »
Union Bank of the Philippines launches Bitcoin and Ethereum tradingThe new investment and trading feature launches in collaboration with Swiss crypto technology firm Metaco, with UnionBank going live on Metaco’s digital asset platform Harmonize.
Weiterlesen »
Bank of England set for biggest rate hike in 33 years, but economists expect dovish tiltThe market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its largest hike since 1989.
Weiterlesen »
Bank of England Raises Key Interest Rate by 0.75 PointThe hike is the largest since 1989, as the bank fights a surge in inflation from rising energy prices even as the U.K. economy slides into an expected recession.
Weiterlesen »
When is the Bank of England interest rate decision and how could it affect GBPUSD?When is the Bank of England interest rate decision and how could it affect GBPUSD? – by hareshmenghani BOE Inflation Recession GBPUSD Currencies
Weiterlesen »
Bank of England readies for biggest rate rise since 1989The Bank of England looks on track to raise interest rates by three quarters of a percentage point to 3% later on Thursday, its biggest rate rise since 1989 as it battles the highest inflation in 40 years.
Weiterlesen »