Best Crypto To Buy Today :
Most observers believe Chairman Jerome Powell will declare a 25 point drop in interest rate rise at the Federal Reserve's first Session held of the year, and traders and investors are anxiously awaiting the results.
The financial and risk asset markets, including the cryptocurrency market, are expected to be greatly affected by his next news conference as market players seek direction on the Fed's longer-term goals. What are some of the top cryptocurrencies available today, keeping this history in mind?
The cryptocurrency market has been comparatively stable this time around, despite the fact that generally digital assets like Bitcoin, Ethereum, and others are visibly volatile before interest rate increases. The price of Bitcoin eventually dropped to a multi-day low of $22,400 on Monday after peaking during the weekend at $24,000, the highest level in five months.
Bitcoin is currently trading at over $23,000, showing that investors continue to have faith in cryptocurrencies despite any recent turbulence.
The future effects of the interest rate increase on the bitcoin market cannot yet be predicted. Market players are encouraged to pay close attention to events over the next several days and hours.
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