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Bitcoin, Ethereum, Dogecoin rise: Analyst sees the Fed this week – Press Release

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The two largest coins are higher at press time, as the global cryptocurrency market cap rose 1.7% to $944.8 billion at 8:18 p.m. EDT Monday.





Price development of major coins
coin 24 hours 7 days Price
Bitcoin BTC/USD 0.65% -12.6% $19,545.59
ether ETH/USD 3.2% -19.6% $1,337.62
Dogecoins DOGE/USD 1.9% -8.3% $0.06





Top 24-hour Gainers (data from CoinMarketCap)
cryptocurrency 24-hour % change (+/-) Price
TerraClassicUSD (USTC) +19.7% $0.035
helium (HNT) +15.9% $4.60
ApeCoin (MONKEY) +15.8% $5.88

See also: How to get free crypto

Bitcoin and ether were green ahead of the US along with other risky assets federal reserve‘s policy meeting, which is scheduled to start on Tuesday.

The S&P 500 and Nasdaq futures are up 0.4% and 0.55%, respectively, as of this writing.

“The entire cryptoverse is vulnerable to rising borrowing costs, and that risk remains at the forefront,” said OANDA Senior Analyst Edward Moyain a note Benzinga saw.

“This week could be the catalyst that pushes the market to price in a peak Fed tightening. This could be the moment for bitcoin to rip off the bandage as the selling pressure here could get ugly, but this may be what is needed to form a bottom.”

Justin Bennett said bitcoin is testing the $19,600 level. The trader tweeted, “Claim that back on the daily chart and things might get interesting.”

“There are still plenty of short liquidations up to $19,800 and even more at $20,500. We’ll see, but so far it looks like a V-bottom.”

A “V-Bottom” refers to a pattern that forms when the…

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