Bitcoin, Ethereum, Dogecoin Trade Mixed After Fed Resumes Rate Hikes: Analyst Warns King Crypto At High Risk Of Correction Post Halving
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies traded mixed following the U.S. central bank's decision to raise the interest rate by 25 basis points. Despite the rate hike, investors remain hopeful that the Federal Reserve will eventually cease its series of interest rate increases. The global crypto market capitalization stands at $1.18 trillion, a 0.93% increase in the last day. The US stock market experienced a decline on Wednesday following a Federal Reserve rate hike and major corporate earnings. Analysts warn that Bitcoin may be prone to corrections post-halving.
July 27, 2023 | 2:37 am
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Bitcoin traded mixed following the Fed's rate hike. Analysts warn that Bitcoin may be prone to corrections post-halving.
The Federal Reserve's decision to raise interest rates has led to mixed trading for Bitcoin. Analysts warn that historical patterns suggest Bitcoin may be prone to corrections post-halving, which could negatively impact its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin traded mixed following the Fed's rate hike.
The Federal Reserve's decision to raise interest rates has led to mixed trading for Dogecoin. The impact on its price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Ethereum traded mixed following the Fed's rate hike.
The Federal Reserve's decision to raise interest rates has led to mixed trading for Ethereum. The impact on its price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80