Fed's Rate Hike Signal Sends Bitcoin, Ethereum Into Tailspin
Portfolio Pulse from Murtuza Merchant
Cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Shiba Unu (SHIB), and Shibarium governance tokens (BONE, LEASH) experienced a downturn following the Federal Reserve's signal of a potential rate hike. The Fed's July meeting minutes indicated concerns about 'upside risks' to inflation, leading to the steepest rise in the primary interest rate in over two decades.
August 17, 2023 | 5:21 pm
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NEGATIVE IMPACT
Cardano's value decreased by about 1.2% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Cardano's value. As the Fed raises interest rates, investors may move away from riskier assets like Cardano, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Binance Coin's value decreased by about 4.1% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Binance Coin's value. As the Fed raises interest rates, investors may move away from riskier assets like Binance Coin, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shibarium governance token BONE's value decreased by about 18% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Shibarium governance token BONE's value. As the Fed raises interest rates, investors may move away from riskier assets like BONE, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bitcoin's value decreased by roughly 4.3% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Bitcoin's value. As the Fed raises interest rates, investors may move away from riskier assets like Bitcoin, leading to a decrease in its value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin's value decreased by about 5.6% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Dogecoin's value. As the Fed raises interest rates, investors may move away from riskier assets like Dogecoin, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum's value is likely to have decreased following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has likely led to a decrease in Ethereum's value. As the Fed raises interest rates, investors may move away from riskier assets like Ethereum, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Shibarium governance token LEASH's value decreased by about 20% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Shibarium governance token LEASH's value. As the Fed raises interest rates, investors may move away from riskier assets like LEASH, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shiba Unu's value decreased by about 10.5% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Shiba Unu's value. As the Fed raises interest rates, investors may move away from riskier assets like Shiba Unu, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Solana's value is likely to have decreased following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has likely led to a decrease in Solana's value. As the Fed raises interest rates, investors may move away from riskier assets like Solana, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ripple's value decreased by about 3.6% following the Federal Reserve's signal of a potential rate hike.
The Federal Reserve's signal of a potential rate hike has led to a decrease in Ripple's value. As the Fed raises interest rates, investors may move away from riskier assets like Ripple, leading to a decrease in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80