The market was waiting yesterday for the data on how the Fed’s monetary policy will continue. Finally, it was learned that the rate will go up in the future. Bitcoin maintains its rise these days, although Ethereum worsened its performance.
He Bitcoin This Thursday, April 13, exceeds the level of US$30,000 and it is rising, while Ethereum falls after knowing the data of US inflation on Wednesday. Likewise, several of the main cryptocurrencies also fall (such as Dogecoin and Tether) as a result of what was known about the minutes of the next monetary policy meeting of the Federal Reserve (Fed), which anticipated that the agency could continue raising the rate. . However, the losses are more moderate than in the previous day.
The inflation in the US it rose to 5.0% annual, below the 5.2% expected and the 6.0% in February, which continues to confirm the slowdown in the rise in prices. In this way, the CPI touches minimums of almost 2 years and yields for the ninth consecutive month.
So, the cryptocurrency most famous in the world (BTC) is around US$30,500,000, with a daily rise of 1.57% in the last 24 hours, and ethereum It is close to US$2,000 and rises 4.5% in the last 24 hours, although its price falls 0.18% during these hours.
Bitcoin increased its market share and has experienced a sharp increase in its market dominance since the beginning of the year, while moving towards levels not seen since the beginning of 2021. “The loss of confidence in other cryptocurrencies, including stablecoins, and the difficulties of some crypto companies could continue to fuel a movement towards Bitcoin and away from assets that are considered potentially more risky,” he commented in Bolsamanía.
Ethereum has been able to maintain a relatively stable share of the total cryptocurrency market capitalization for the past two years and could find support in the next software update.
“The change should offer a clearer vision to investors interested in the asset, since the coins stored in the ethereum gambling system will be unlocked. At the same time, the update could open the door to a possible selling trend that could cause significant volatility.”emphasizes this expert.
“The rally is on and the momentum is here to stay as the price has broken through the $30,000 level, and the next big barrier is $50,000,” said Naeem Aslam, head of research at Zaye Capital Markets.
Source: Ambito
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