Today’s Market Overview:
Bitcoin is trading around $76K, while Ethereum is holding around $2.4K as the market digests yesterday’s Fed rate hike.
The Fed raised rates by 25bps to 3.75%–4%, its first hike in more than three years.
The bigger concern for markets is that another hike could still come before year-end. The stronger dollar is also adding pressure across risk assets.
For crypto, the interesting part is that $BTC has remained relatively resilient, despite the macro pressure and the recent failure of the CLARITY Act in the Senate.
A few altcoins are also showing strong momentum.
Top altcoin movers at the moment:
• $ZEC +20.5%
• $LIGHTER +16.0%
• $RAY +15.9%
• $NEAR +14.2%
• $DASH +14.0%
• $VVV +13.8%
• $ARB +11.9%
The market is giving us plenty of movement, but that doesn't automatically mean there are plenty of good trades.
What are you watching today?
Bitcoin is trading around $76K, while Ethereum is holding around $2.4K as the market digests yesterday’s Fed rate hike.
The Fed raised rates by 25bps to 3.75%–4%, its first hike in more than three years.
The bigger concern for markets is that another hike could still come before year-end. The stronger dollar is also adding pressure across risk assets.
For crypto, the interesting part is that $BTC has remained relatively resilient, despite the macro pressure and the recent failure of the CLARITY Act in the Senate.
A few altcoins are also showing strong momentum.
Top altcoin movers at the moment:
• $ZEC +20.5%
• $LIGHTER +16.0%
• $RAY +15.9%
• $NEAR +14.2%
• $DASH +14.0%
• $VVV +13.8%
• $ARB +11.9%
The market is giving us plenty of movement, but that doesn't automatically mean there are plenty of good trades.
What are you watching today?
