|Min-Max giorno||33.487,89 - 33.631,25|
|Intervallo di 52 settimane||28.660,94 - 34.712,28|
Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.
The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data.
Ether and most other major altcoins rise slightly, even as stocks drop amid worries about whether U.S. lawmakers will reach an agreement before June 1.
ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins is increasing, writes CoinDesk analyst Glenn Williams.
Equities slid. Investors will be watching Wednesday's release of the April Consumer Price Index for clues about the Federal Reserve's next monetary policy decision.
The debate over the debt ceiling in Washington continues to wear on as the supposed default deadline, or ‘x-date,’ inches closer each day.
BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.
BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings.
BTC’s recent price drop can be interpreted as “a period of consolidation and a healthy correction after an explosive move upwards past $30,000 over the last several months,” one analyst says.
ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.
ETH’s price slid 1.7% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is scheduled to occur April 12.
Dogecoin surged after Twitter replaced its familiar blue bird atop its homepage with the cryptocurrency's iconic Shiba Inu dog logo. ALSO: Is Indonesia’s CBDC a potential alternative to Visa and Mastercard?
ALSO: Sam Reynolds writes that decentralized-focused tokens, including LDO and DYDX, were the quarter's best performers. Their gains came as U.S. regulators ratcheted up their scrutiny of centralized exchanges. Major cryptos are in the red.
ALSO: Shaurya Malwa writes that a little-known Ethereum community is rallying behind the Ethereum Goerli test network in the hope that it can help find a way to keep it going. Bitcoin, ether and other cryptos spike.
Prices: Crypto prices continue to remain flat as traders a traders await the FOMC's decision on interest rates. Insights: Monetary liquidity expectations are one driver moving crypto markets these days, though not in the way many think – even if easing is around the corner, liquidity is tight, argues CoinDesk columnist Noelle Acheson. Crypto markets are once again fairly flat as traders await the next release from the Federal Open Market Committee (FOMC).
On March 15, 2020, the U.S. Federal Reserve slashed its benchmark interest rate by 100 basis points to almost zero and committed to boosting its bond holdings by at least $700 billion. The global economy staggered and then limped, but markets soared. It also unleashed a wave of armchair virologists on Twitter to keep us up to date with every minutia of the COVID threat.
BTC dropped as low as $23,946 Wednesday midday before pulling back above the $24,000 mark. Equity markets also struggled on the Swiss banking giant news.
Over 70% of traders now see the possibility of a 50-basis point rate hike in the March FOMC meeting. Bitcoin has dropped 1.6% in the past 24 hours but remained in range-bound.
DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation.
ALSO: Shaurya Malwa considers how nefarious market participants are attempting to benefit from the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot; bitcoin and ether rebound but are still in the red.
Bitcoin dropped initially after the Bureau of Labor Statistics monthly report but then surged. Ether is up nearly 5%.
This much talked about technical indicator has value, yet doesn’t tell the whole story.
ALSO: Stakeholders in the venture capital industry explain why embattled crypto trading firm Alameda Research will not be missed. Bitcoin and ether rise.
The utility token of Render Network has jumped 80% over the past seven days following the passage of a new tokenomics model proposal on the network.
Bitcoin and ether were recently trading sideways. Equities declined.