Suche
Mein Konto
Bitcoin Reclaims $28,000 After Increased Volatility, Litecoin Rises 15% Weekly (Market Watch)
Bitcoin's price has been on a rollercoaster ride in recent days following the Fed's recent interest rate hike, but has settled around $28,000 so far. Most altcoins have recorded some minor losses on a daily basis, while Litecoin continues to post impressive gains. BTC back above $28,000 After rising over $8,000 in a week amid the global banking crisis, Bitcoin had settled around $28,000 earlier this week and remained there for a few days in a row. Still, the asset was set to experience some more volatile trading hours and days mid-week as the Federal Reserve changes...
Bitcoin Reclaims $28,000 After Increased Volatility, Litecoin Rises 15% Weekly (Market Watch)
Bitcoin's price has been on a rollercoaster ride in recent days following the Fed's recent interest rate hike, but has settled around $28,000 so far.
Most altcoins have recorded some minor losses on a daily basis, while Litecoin continues to post impressive gains.
BTC back above $28,000
After rising over $8,000 in a week amid the global banking crisis, Bitcoin had settled around $28,000 earlier this week and remained there for a few days in a row. Still, the asset was expected to experience some more volatile trading hours and days in the middle of the week as the Federal Reserve was expected to announce changes to its interest rate policy.
While expectations varied, the country's central bank actually raised interest rates by 25 basis points on Wednesday, causing further BTC price volatility. The asset responded with an immediate price drop from $2,000 to below $27,000 before shooting back up a grand.
The last 24 hours brought further gains as Bitcoin rose to just under $29,000. Despite being rejected there, the cryptocurrency is still showing some minor daily gains and is trading above $28,000.
Its market cap has returned to over $540 billion while its dominance over alts is over 46%.
BTCUSD. TradingView
Litecoin continues to rise
The naturally more volatile altcoins have also experienced some massive fluctuations in the last few days. However, now most of the landscape is slightly red.
Binance Coin, Dogecoin, MATIC, Solana, Polkadot, and Shiba Inu all suffered insignificant losses. Cardano and Ripple are down over 3% in a day. However, XRP is among the best performers over the past seven days, rising over 16%.
Litecoin is also a notable winner, up 15% on the week. The last 24 hours alone brought a 5% increase for LTC.
TONCOIN, LDO, UNI, XLM and ALGO are all deep in the red, with losses of up to 6% in a day.
However, the total crypto market cap has remained relatively calm and is still above $1.150 trillion.
Overview of the cryptocurrency market. Quantify crypto