During trading on Sunday, the majority of the major cryptocurrencies moved again to the downside. reducing the frequent speculative selling activities aimed at profit-taking, which hurts riskier assets, and coincides with investors’ monitoring of economic data that supports the Fed’s propensity to continue raising interest rates.
The largest cryptocurrency in terms of market capitalization, market capitalization, market capitalization, value, value, value, value, value, value, value, value, value, value, value, value, value, value, value, value, value, value, where, where from, dropped was Bitcoin.
According to data from the CoinMarketCap website, which specialises in tracking the performance of digital currencies, a currency dropped by 1. 11% to $1. 31 thousand dollars.
Ripple increased by 0. 13% to $ 0. 47611 while Coin Coin decreased by 0. 21% to $ 281. 20.
The price of Cardano and Solana both fell by 0.
Dogecoin also fell by 1. 09% to reach $0. 060492, a 53% fall for the first and second by 0. 02%.
Cryptocurrencies’ overall value decreased to $936.
Data from Coin Market Cap Cap Cap Market Market Market Market Market Marketplace indicates that there are 61 billion.
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“Global liftings highlighted serious fundamental flaws in the decentralised finance system,” Powell remarked during a conference on digital money hosted by the Bank of France.
” .
It is interesting that amid rising Treasury yields and a return to depreciation in digital assets at the end of the previous quarter, the dollar index reached its highest level in 20 years.
It is noteworthy that the Federal Reserve announced on September 21 that it had increased the rate by 75 basis points for the third consecutive meeting, bringing it to a range between 3% and 3.25 percent. The Fed anticipates that the rate will reach 4.4% by the end of the year before peaking at 4.5%.
6% the next year.
The reserve reduced its projections for the US economy’s growth in the next two years from 1. 7% and 1. 9% growth to 1. 2% and 1. 7%, respectively, from previous projections of 1. 7% and 1. 9% growth. The reserve also lowered its forecast for the US economy’s growth in the current year from 1. 7% to only 0. 2%.
Additionally, high-value assets have suffered in recent sessions as interest rates have remained at current levels and US inflation has slowed.
The trading screens are covered in red, along with the worst-performing “Bitcoin.”
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