Bitcoin value plunged to its weekly low of $22,862 earlier at this time, as merchants awaited the US Federal Reserve’s price hike resolution. BTC has traded sideways within the 24-hours previous the speed hike announcement. Bitcoin value held regular above the $23,000 instantly after the 25 bps hike.
Litecoin value seems unfazed by the resistance fashioned above Bitcoin’s trillion-dollar market cap. Market makers could also be eyeing the excess liquidity resting within the mid-$120 zone.
Cardano (ADA) value is in tough territory as bears dig trenches to defend the final line of bearishness that’s nonetheless left over from the crypto winter. With an enormous pivotal stage and a technical shifting indicator, bulls are going through a really laborious patch to undergo. The white knight in shining armour that might assist ADA bulls take the bearish fortress might nicely be Fed Chair Jerome Powell if he delivers a light-weight dovish tone with a 25-basis-point hike this Wednesday night close to 19:00 GMT.
