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Markets: Bitcoin, crypto top 10 retreat with equities on signs of inflation uptick in U.S.
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First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2023-05-04
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Bitcoin Falls, Other Cryptos Mixed After Fed Raises Rates Again
and other cryptocurrencies were largely unchanged on Wednesday, after the Federal Reserve made an expected quarter-point increase in interest rates while signaling a possible pause at future meetings. The price of Bitcoin has fallen about 0.9% in the last 24 hours to $28,400. “Bitcoin has steadily moved back above its 50-day moving average, proving that the break below was false,” said Alex Kuptsikevich, an analyst at broker FxPro, before the rate-hike announcement.
2023-05-04
- Federal Reserve Bitcoin interest rates
Bitcoin gains, holds above US$30,000; Solana, BNB biggest losers in top 10 cryptos
Bitcoin rose and traded above US$30,000 on Wednesday afternoon in Asia, while Ether fell along with most top 10 non-stablecoin cryptocurrencies by market capitalization. Solana lost the most, followed by Binance’s BNB token.
2023-04-19
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