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Source: Invezz News Agency
1 week ago
Cryptocurrency Medium Importance AI Analyzed

Ethereum approaches $2,500 as bull flag points to a potential $3,300 rally

Ethereum climbed nearly 2% over the past 24 hours as the cryptocurrency market continues its recovery following the Federal Reserve's latest interest-rate decision. ETH rebounded from a low of $2,370 on Wednesday and moved toward $2,470, suggesting traders viewed the rate increase as largely priced in. Rather than triggering a “sell the news” decline, the decision produced a counterintuitive recovery across the crypto market. Markets are pricing in an almost 90% chance of at least one additional Fed rate increase by the December meeting, according to FedWatch data. Ethereum ETF flows turn negative Despite the price rebound, institutional demand through U.S. spot Ethereum exchange-traded funds has weakened. Investors withdrew a combined $405.

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Source: Invezz
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Source: Tokenpost News Agency
1 week ago
Cryptocurrency Medium Importance AI Analyzed
Bitcoin Rises as BOJ Lifts Rates to 31-Year High

Bitcoin Rises as BOJ Lifts Rates to 31-Year High

The Bank of Japan raised its benchmark interest rate by 25 basis points on Friday to 1.25%, its highest level in 31 years, as policymakers respond to persistent inflation and continued weakness in the Japanese yen. The BOJ said the rate hike was necessary as rising import costs and energy prices increase the risk that inflation could remain above its 2% target.

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Source: Tokenpost
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