Bitcoin, Ethereum, Dogecoin Spike — Analyst Says ‘Decent Chance We See BTC Run The Highs Here’ – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)
, 2022-11-22 20:32:34,
Major coins were seen trading higher on Tuesday evening as the global cryptocurrency market cap rose 2% to $804.9 billion at 8:33 p.m. EST.
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 2.3% | -3.8% | $16,193.39 |
| Ethereum ETH/USD | 2.4% | -10% | $1,131.27 |
| Dogecoin DOGE/USD | 4.1% | -9.75% | $0.08 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Curve Dao Token (CRV) | +27.8% | $0.65 |
| Litecoin (LTC) | +14.1% | $69.98 |
| Convex Finance (CVX) | +12% | $3.99 |
See Also: Webull vs. eToro: Which Is Better For Crypto?
Why It Matters: Bitcoin and Ethereum traded in the green on Tuesday evening on a day stocks ended on a positive note. The S&P 500 and Nasdaq both closed 1.4% higher intraday. Stock futures were largely unchanged at the time of writing.
Investors are expecting the release of the Federal Open Market Committee on Wednesday. Earlier, Cleveland Fed President Loretta Mester said milder inflation data was “good news” but not enough to stop the cycle of rate hikes.
“The latest round of Fed speak did not teach us anything new,” said Edward Moya, a senior market analyst with OANDA.
“The labor market is a key concern for the Fed, Mester also pointed out that labor demand is still outpacing supply. Recent trends however are…
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