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Thursday, February 2, 2023

How much are Bitcoin, Ethereum and other cryptocurrencies trading this Thursday, January 5, 2023?

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“If risk appetite remains positive, a move to the upside is possible, but I’m not sure traders will get too carried away. Headwinds remain significant for cryptocurrencies and it may take some time for traders to get back on board.”adds this expert.

The minutes make clear the position of the US central bank, which is committed to keeping interest rates at high levels until the data give enough confidence that inflation, which is turning out to be “more persistent than expected”, is close to return to the 2% target. Getting to that point, of course, “probably” can take “a while.”

What about the rest of the market?

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In the rest of the market there are notable falls in some ‘tokens’ such as la solana (SOL)which is down 1% and losing the momentum it received following praise from Ethereum founder Vitalik Buterin. Shiba inu (SHIB) and Cardano (ADA) are the only ones of the main ‘cryptos’ that manage to rise significantly: 1% and 0.8%, respectively. Among those who are doing the worst is Ripple (XRP) which loses 2.1%.

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Source: Ambito

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