Bitcoin advances 3.5% while Ethereum does so by 5.1% and exceeds $1,850.
Cryptocurrencies turned around after the initial drop of the wheel and skyrockets this Thursday, March 23. Bitcoin goes up 3.5% in the last 24 hours and listed in the US$28,302.59 while ethereum keep it up 4.7% and exceeds $1,821.90. It was after US Treasury Secretary Janet Yellen said steps would be taken to keep American deposits safe.
It should be noted that the Federal Reserve’s interest rate decision (Fed) marked the day on Wednesday that sent cryptocurrencies higher. Jerome Powell not only communicated that the rise would be less than anticipated before the financial crisis, but also clarified that only one more increase will be needed to reach the terminal rate that they had placed at 5.1%.
This day, in addition, Wall Street closed higher, given a much calmer climate before the words of US Treasury Secretary Janet Yellen, who said steps would be taken to keep American deposits safe.
Litecoin is one of the winners regarding daily cryptocurrency earnings. This cryptocurrency rises 7.4% in the last 24 hours. According to the operators, the whales appear to be behind the current LTC price rally.
“One reason for its rise could be that Litecoin relatively underperformed the cryptocurrency market in Marchfalling more than 6.5% month to date (MTD) versus cryptocurrency market gains of 9.35%,” Cointelegraph said.
Source: Ambito
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