Crypto market cautious after Fed’s Powell says US inflation still ‘too high’
Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady, despite Fed chair Jerome Powell’s hawkish comments on U.S. inflation.
Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady, despite Fed chair Jerome Powell’s hawkish comments on U.S. inflation.
From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.
SOL reversed Thursday’s gains from its Shopify partnership while XRP fell to a six-week low. Bitcoin and Ether inched up during afternoon trading but struggled to gain more upward momentum.
Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.
SOL was the biggest gainer in the top 10 following its Shopify deal. Bitcoin and Ether also rose along with most top 10 cryptocurrencies.
Bitcoin rose on Thursday morning in Asia to trade in the US$26,500 range. Ether also moved up. Solana led the winners in the top 10 non-stablecoin tokens.
Bitcoin recaptured the US$26,000 mark today, while Solana fell to a six-week low. BNB was the biggest gainer in the top 10, despite allegations against Binance resurfacing.
Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.
Bitcoin holds its ground above US$26,000, but the top 10 cryptocurrencies see a dip. BNB remains subdued as Binance’s payment partner woes intensify.
Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level over night. Ether also dipped but held the US$1,600 mark.