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Bitcoin, Ethereum, Dogecoin Mixed As Focus Sharpens On Fed Meeting — Analyst Sees A Big Run Up In This Scenario – Bitcoin – United States Dollar ($BTC)

Bitcoin It rose slightly in 24 hours on Tuesday, but Ethereum When Dogecoin The world’s cryptocurrency market capitalization rose 0.1% at the time of the press to $ 1.7 trillion, losing some position.

Price performance of major coins
coin 24hours 7 days price
Bitcoin (Cryptography: BTC). 0.6% 0.8% $ 38,768.91
Ethereum (Cryptography: ETH). -0.8% 0.9% $ 2,550.19
Dogecoin (Cryptography: Doge). -1.6% -5.1% $ 0.11
Top 24-hour winners (data via CoinMarketCap)
Cryptocurrency 24-hour rate of change (+/-) price
THORChain (Rune) + 15.7% $ 7.63
eCash (XEC) + 10.6% $ 0.000081
Graph (GRT) + 7.2% $ 0.36

Related item: How to buy Bitcoin (BTC)

Important reason: Treasury yields reached their highest levels in two and a half years on Tuesday, ahead of the possibility of a rate hike by the Federal Reserve Board. According to Reuters, the benchmark 10-year yield reached 2.169%, a level not seen since June 2019. report..

“Bitcoin remains trapped in a tight spot, despite improving sentiment towards risk. Last week’s Treasury yield surge handcuffed Bitcoin, and tomorrow (Federal). The Open Market Committee) decision should open the door to a major move. ” Edward MoyaA senior market analyst in a memo seen by Benzinga.

Bitcoin has a cap at $ 45,000 and can be tested if the US central bank takes a “more gradual approach with tightening”, Moya said.

Cryptocurrency trader Michael van de poppe I tweeted that there is “a lot of liquidity” under the current price of Bitcoin.

A Plus to cryptocurrency This week includes Bitcoin evading the “ban” by the European Parliament and Binance and obtaining regulatory approval for its operation in Bahrain. this is, Changpeng ZhaoLeading trading platform in the Middle East.

“These regulatory advances from the Middle East and the EU show the support that cryptos are receiving worldwide as they prove that the industry is an unstoppable force towards mainstream adoption in the long run. I will. ” Marcus SotirioUK-based Digital Asset Broker Analyst GlobalBlock With a memo.

Justin Bennett, Cryptocurrency traders said Ethereum is ready to win Apex coins.

“We need to maintain a constructive market following Wednesday’s FOMC,” Bennett said on Twitter.

Read next: Don’t worry about gas prices: The Ethereum Foundation is empowering artists to free themselves from YouTube, Spotify says

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