O Bitcoin (BTC) and the market of cryptocurrencies present slight increases this Wednesday (20). Gains were boosted by the disclosure of the minutes of the November Federal Open Market Committee (FOMC, for its acronym in English), where the Federal Reserve showed a friendlier attitude towards markets🇧🇷
The speech by Jerome Powell, president of the American Central Bank, directed the markets towards an idea that the country will finally start to adopt a policy of decreasing the American interest rate.
The slight recoveries come amid weeks of declines. This is why the second largest brokerage in the world, FTX, has declared bankruptcy, is being investigated and has had a contagion effect on other companies such as Genesis Trading.
However, as risky assets today sighed with relief – and the Nasdaq enters a more than 1% rally – the crypto market is pulled along.
The biggest cryptocurrency of all, in terms of market cap, is up 2.30% and is trading at the $16,500 level. Ether (ETH) is showing a 3.70% recovery on the daily chart and is touching the $1,170 level.
The whole market cap is up 2.78% at $826.83. Among the most rising crypto assets in the last 24 hours, Solana is in first place, according to Coinmarketcap.
The cryptocurrency of the network, which was greatly affected by the FTX crisistoday is a highlight and appreciates almost 20% at US$ 14.20, almost returning to the level where it was at the beginning of the month.
In addition to SOL, Dash (DASH) also leads this Wednesday’s highs and rises 16% to US$ 42.85 and Litecoin (LTC) “revives” in the market, appreciating almost US$ 14 to US$ 78.33.
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Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
