Bitcoin (BTC)Crypto News

Fed-induced volatility pushed Bitcoin to a fresh 3-month low of $18,000 (Market Watch)

                                                            Der Preis von Bitcoin wurde bei 20.000 $ abgelehnt und brach nach der jüngsten Zinserhöhung durch die US-Notenbank auf 18.000 $ ein.

Altcoins have seen similar volatility, but most are actually trading in the green now. Once again, Ripple stands out as an impressive winner.

Bitcoin’s new low and volatile trading day

The past few days have been quite painful for bitcoin bulls, and the peak came on September 19 when the asset fell to a three-month low of $18,300.

However, at the time it reacted rather positively and bounced off to $19,000, where it spent most of the next few days. More volatility was expected yesterday as the US Federal Reserve was about to announce the latest rate hike.

BTC spiked to $20,000 just before the event but was quickly rebuffed after the Fed presidency sketched the 75 basis point hike. Within minutes, Bitcoin crashed to $18,100 – its lowest price position in over three months.

Still, BTC rallied again and is currently trading around $19,000, but its market capitalization still struggling with $365 billion. This extreme volatility has resulted in more than $300 million worth of liquidations from over-indebted traders on a daily basis.
Fed-induced volatility pushed Bitcoin to a fresh 3-month low of $18,000 (Market Watch), Crypto Trading NewsBTCUSD. TradingView

XRP steals the show (again).

The alternative coins had similar confidence as BTC yesterday, with many sharper price swings. Now, however, most trade in the green, except for Ethereum.

Since the second largest Blockchain-Transition from PoW to PoS has passed a week and the price of the native token has mainly struggled during this period. ETH surged from over $1,600 last Thursday to $1,200 yesterday. Despite currently trading $100 higher, the asset is still down 3% on the day.

BinanceCoin, Cardano, Solana, Dogecoin and polka dots are now making easy profits. Ripple is once again the best performer among large-cap alternatives, up a notable 7%. As such, XRP is currently well above $0.4, possibly fueled by the latest developments on the Ripple SEC legal case.

UniswapATOM, AlgorandICP, FILE and CHZ have also gained impressive percentages on a daily basis.

With that, the crypto market cap has risen to $930 billion after falling below $900 billion yesterday.
Fed-induced volatility pushed Bitcoin to a fresh 3-month low of $18,000 (Market Watch), Crypto Trading NewsOverview of the cryptocurrency market. Quantify Crypto

Source: Crypto News Deutsch

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