Cryptocurrency News
The recent decision by the Federal Open Market Committee (FOMC) to maintain US interest rates within the 5.25% to 5.50% range, a status quo held since July 2023, has elicited mixed reactions within the cryptocurrency community. While unchanged rates would typically be cause for celebration in traditional markets, many in […]
Following the recent announcement by the Federal Open Market Committee (FOMC) to maintain interest rates at current levels, the cryptocurrency markets have staged a robust rebound. Traders are feeling bullish, buoyed by the decision’s positive impact on both equities and the correlation between cryptocurrency and the S&P 500. 🇺🇸📈 After […]
Following the latest FOMC Meeting, Ethereum, the second-largest cryptocurrency, experienced a downturn in Thursday’s trading session amid market volatility. The price of ETH plummeted by 3% intraday, breaching the crucial $2300 support level. Despite the challenging market conditions, Ethereum continues to advance its core changes, notably with the upcoming 2024 […]
Economic markets are still reacting to changing pandemic news, which might mean “significant economic headwinds in the near terms largely driven by covid 19”, said Kristina Hooper, Chief Global Market Strategist at Invesco. She sees both optimism and pessimism in the near future for the market. As stocks are to […]