Wednesday, March 22, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Dogecoin

Why Bitcoin, Litecoin, and Dogecoin Are Moving Higher Today

Mikhailev by Mikhailev
February 2, 2023
in Dogecoin
0
Why Bitcoin, Litecoin, and Dogecoin Are Moving Higher Today
Share on FacebookShare on Twitter


What occurred

Cryptocurrencies moved increased at this time after the market appeared to take to the Federal Reserve’s first assembly of 2023, which concluded yesterday afternoon.

Since late afternoon yesterday, the worth of the world’s largest cryptocurrency, Bitcoin (BTC 3.89%), traded roughly 1.4% increased and hovered round $23,800. In the meantime, altcoin Litecoin (LTC 6.71%) traded greater than 11% increased, whereas meme token Dogecoin (DOGE 3.93%) was up greater than 5%.

So what

The Fed on the finish of its assembly yesterday raised its benchmark in a single day borrowing charge by one other quarter level, bringing the federal funds charge to inside a spread of 4.5% to 4.75%. It is the smallest hike the Fed has executed in virtually a yr.

Person at computer looking at positive stock chart.

Picture supply: Getty Photos.

Fed Chair Jerome Powell additionally made feedback according to the market’s expectations that the Fed remains to be planning to conduct ongoing charge hikes and is extra targeted on the company’s long-term inflation expectations. However Powell did acknowledge that there are indicators of inflation easing. 

Related articles

If You Invested $1,000 In Ethereum Classic, Dogecoin And Ripple (XRP) In March 2020, Here’s How Much You’d Have Now By Benzinga

Why Bitcoin-, Ethereum- And Dogecoin-Related Stock Coinbase Is Exploding Higher Today By Benzinga

February 2, 2023
Dogecoin (DOGE) Core Developer Hints at Next Major Release: Details

Dogecoin (DOGE) Core Developer Hints at Next Major Release: Details

February 2, 2023

Rising charges and a robust U.S. greenback have been two of the bigger inhibitors for Bitcoin and the remainder of the crypto market. Rising charges make safer belongings extra engaging as a result of they’ll yield extra, which inspires merchants to ditch riskier belongings. Cryptocurrencies are a few of the riskiest belongings as a result of they’re onerous to worth.

The energy of the U.S. greenback, which creates a adverse surroundings for shares and crypto, hit a 20-year excessive final yr, however the U.S. greenback has been falling and specialists see probably extra room to fall.

Dogecoin has additionally been rallying this week after Twitter CEO Elon Musk revealed his plans so as to add a funds part to the social media platform. Whereas the system will primarily be for fiat currencies just like the U.S. greenback, Musk has additionally mentioned ultimately including a crypto part. 

Musk has been a longtime Dogecoin supporter and beforehand mentioned it is one among three cryptocurrencies he owns. Moreover, his electrical automobile firm, Tesla, additionally nonetheless accepts Dogecoin as cost. Musk has the power to maneuver the worth of Dogecoin, so any time he talks about including crypto capabilities, Dogecoin will doubtless profit.

Now what

The crypto market is clearly rallying on the hopes that the Fed is near an finish with its rate-hiking marketing campaign and I believe many buyers see sturdy potential for a gentle touchdown or for a light recession that leads the Fed to truly minimize rates of interest. A charge minimize would actually assist shares and crypto.

I nonetheless want to see the crypto market get previous the FTX chapter and a few of the contagion it has unfold, which has actually brought about a broader insecurity within the trade.

Lengthy-term, I like Bitcoin. Whereas I do maintain a really small place in Litecoin from some time again, I’m not terribly within the token or Dogecoin.

Bram Berkowitz has positions in Bitcoin and Litecoin. The Motley Idiot has positions in and recommends Bitcoin and Tesla. The Motley Idiot has a disclosure policy.



Source link

Share76Tweet47

Related Posts

If You Invested $1,000 In Ethereum Classic, Dogecoin And Ripple (XRP) In March 2020, Here’s How Much You’d Have Now By Benzinga

Why Bitcoin-, Ethereum- And Dogecoin-Related Stock Coinbase Is Exploding Higher Today By Benzinga

by Mikhailev
February 2, 2023
0

Why Bitcoin-, Ethereum- And Dogecoin-Associated Inventory Coinbase Is Exploding Larger Immediately Benzinga - Coinbase International Inc (NASDAQ: COIN) shares are...

Dogecoin (DOGE) Core Developer Hints at Next Major Release: Details

Dogecoin (DOGE) Core Developer Hints at Next Major Release: Details

by Mikhailev
February 2, 2023
0

Tomiwabold Olajide Dogecoin (DOGE) infrastructure for companies integration to obtain main improve Dogecoin news-focused Twitter account DogeWhisperer has shared data on Dogecoin's...

Is Rally on Ethereum (ETH), BNB, Bitcoin and Others Over? Crypto Market Review, Jan. 20

Dogecoin (DOGE) Seeing Highest Whale Activity Since 2022 as Golden Cross Approaches

by Mikhailev
February 2, 2023
0

Arman Shirinyan Dogecoin is on rise and simply beats extra 'critical' opponents on market Markets are persevering with their motion...

ApeCoin, Cardano & Dogecoin — Asian Wrap 02 February

ApeCoin, Cardano & Dogecoin — Asian Wrap 02 February

by Mikhailev
February 2, 2023
0

ApeCoin value exhibits refined cues to counsel {that a} downtrend transfer may happen. The opportunity of a liquidation occasion shouldn't...

Dogecoin (DOGE) Creator Sells Bunch of Ethereum (ETH) at $1,190, Here’s Reason

Elon Musk’s Twitter ‘Slaps’ Dogecoin (DOGE) Army, Here’s What Happened

by Mikhailev
February 2, 2023
0

Yuri Molchan Twitter has suspended software that allowed customers to tip one another on Twitter utilizing Dogecoin Contents Twitter suspends...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Why ApeCoin is on track to be the next Dogecoin

Why ApeCoin is on track to be the next Dogecoin

May 13, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

March 22, 2023
Why is Bitcoin rising amid collapsing banks? Watch The Market Report

Why is Bitcoin rising amid collapsing banks? Watch The Market Report

March 22, 2023
Bitcoin hits new 9-month highs above $28K as markets flipflop over FOMC

Bitcoin hits new 9-month highs above $28K as markets flipflop over FOMC

March 21, 2023
Bitcoin holds $28K due to spot buying, but institutional investors are still selling

Bitcoin holds $28K due to spot buying, but institutional investors are still selling

March 21, 2023

Recent News

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

March 22, 2023
Why is Bitcoin rising amid collapsing banks? Watch The Market Report

Why is Bitcoin rising amid collapsing banks? Watch The Market Report

March 22, 2023
Bitcoin hits new 9-month highs above $28K as markets flipflop over FOMC

Bitcoin hits new 9-month highs above $28K as markets flipflop over FOMC

March 21, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.