September 28, 2022

Dubai Week

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Cryptocurrency prices today .. Bitcoin opposes “Powell” threats

Cryptocurrency prices rose today, Tuesday, and the price of “Bitcoin” rose sharply yesterday, Monday, following a sharp decline recorded by the threats of the “US Federal Reserve”.

Amid reports of its importance in combating inflation and its role in diversifying investments and accepting financial institutions, the price of bitcoin has risen by about 60% in the past year, surpassing other financial assets. Light on the turmoil in the financial markets.

The decision by Federal Reserve Chairman (US Federal Reserve) Jerome Powell has led many investors to lose interest in high-risk assets, especially digital currencies, in an attempt to raise interest rates faster than expected.

Investors are waiting for the inflation data that is pending on Wednesday. The data shows that the key US CPI rose to a decade-high of 5.4% in December from 4.9% in the previous month.

The market value of cryptocurrencies fell 0.70% to $ 1.96 trillion during early trading on Wednesday, and traded up $ 104.79 billion in the last 24 hours.

Cryptocurrency rates today

Bitcoin BTC was up 0.45% at $ 4,2171.71.

Ethereum (ETH) was down 1.58% at $ 3113.87.

Binance coin BNB fell 1.83% to $ 434.77.

The Cardano ADA lost about 1.56% to $ 1.15.

XRP was down 0.73% at $ 0.7484.

The Polkadot DOT also fell 3.54% to $ 24.08.

DOGE (Dogecoin) lost 4.62% to $ 0.1447.

Litecoin (LTC) price fell 1.42% to $ 128.95.

Chainlink LINK fell 1.33% to $ 27.58.

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