Bitcoin, Ethereum, Dogecoin See Uptick Ahead Of Fed Policy Meet: Analyst Sees Big Sell-Off For Altcoins, But Says This Crypto Could Be Exception
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a slight uptick ahead of the Federal Reserve's potential interest rate hike and the expiration of Bitcoin options. The SEC may contest the recent Ripple ruling. The global crypto market capitalization stands at $1.20 trillion. Analysts suggest that altcoins may be prepared for a sustained corrective move, but Ethereum could be an exception. S&P 500 futures and Nasdaq 100 futures experienced minor changes.
July 24, 2023 | 2:13 am
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POSITIVE IMPACT
Bitcoin saw a slight uptick ahead of the Federal Reserve's potential interest rate hike and the expiration of Bitcoin options.
The uptick in Bitcoin's price and the upcoming events such as the Federal Reserve's potential interest rate hike and the expiration of Bitcoin options could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin saw a slight uptick ahead of the Federal Reserve's potential interest rate hike.
The uptick in Dogecoin's price and the upcoming Federal Reserve's potential interest rate hike could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum saw a slight uptick and could be an exception to the predicted sustained corrective move for altcoins.
The uptick in Ethereum's price and the prediction that it could be an exception to the sustained corrective move for altcoins could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100