Cryptocurrency Prices on August 22: Bitcoin rises above $60,700 on US rate-cut bets; Ethereum gains

Cryptocurrency Prices on August 22: Bitcoin rises above ,700 on US rate-cut bets; Ethereum gains

Blue-chip cryptocurrencies Bitcoin and Ethereum surged Thursday as Federal Reserve minutes suggested that U.S. interest rate cuts may commence within weeks. The minutes validated bets on a rate cut next month and said the “vast majority” of policymakers felt that if data came in as expected, a September cut was likely to be appropriate. As … Read more

Bitcoin, Ether surge over 9% as global markets bounce from brutal sell-off

Bitcoin, Ether surge over 9% as global markets bounce from brutal sell-off

Bitcoin and Ether prices surged on Tuesday, reflecting a recovery across global markets battered by recent sell-offs. This bounce-back was supported by reassuring statements from central bank officials and positive U.S. economic data. US economic data released on Monday suggested that a recession isn’t imminent. The July ISM Services PMI exceeded economists’ expectations, registering at … Read more

Cryptocurrency price on August 1: Bitcoin falls below $65,000; Solana, XRP drop up to 8%

Cryptocurrency price on August 1: Bitcoin falls below ,000; Solana, XRP drop up to 8%

Major cryptocurrencies fell in Thursday’s trade following the Federal Reserve’s decision to keep the key interest rate unchanged. Overnight, the US Federal Reserve maintained its key interest rate at 5.25–5.5% for the eighth consecutive time, as expected, while signaling the possibility of a rate cut in its next meeting in September. The Federal Open Market … Read more

Bitcoin trades near $66,000 ahead of US Fed meeting outcome

Bitcoin trades near ,000 ahead of US Fed meeting outcome

Ahead of tonight’s US Fed meeting, where Jerome Powell is expected to signal the timing and number of potential rate cuts, cryptocurrency markets traded lower on Wednesday, with Bitcoin and Ethereum leading the decline. At 1:48 pm IST, Bitcoin (BTC) was trading 1.3% lower at $66,088, while Ethereum fell nearly 1.11% to $3,313. Meanwhile, the … Read more

Bitcoin Crosses $71,000, Ether Jumps 19%; Why Cryptocurrencies Are Rising Today?

Bitcoin Crosses ,000, Ether Jumps 19%; Why Cryptocurrencies Are Rising Today?

Cryptocurrencies like Bitcoin and Ether jumped on Tuesday after the US SEC asked exchanges that want to trade ether exchange-traded funds (ETFs) to update regulatory filing. Bitcoin jumped as high as $71,957 and ether hit $3,720.80, the high levels last seen on April 9. “Bitcoin on Monday jumped more than 6 per cent on international … Read more