Connect with us

Hi, what are you looking for?


Bitcoin Pushes Above $29K

Bitcoin Pushes Above $29K

Bitcoin is above $29,000 after the US Federal Reserve increased interest rates by 25 points. Analysts suggest that the sharp decline is in the narrow steps of a month’s trading on the upside.

The SEC decided not to include a definition of digital assets in the hedge fund ruling, which could signify its intention to regulate the crypto sector more precisely.

After some setbacks, Bitcoin and other top crypto tokens are mostly back in positive mode ahead of the US Federal Reserve’s monetary policy implementation later in the day. The US central bank is waiting to increase interest rates by 25 basis points. Korean crypto markets are returning to their old positions.

Bitcoin traded higher as the largest crypto token gained another 2 percent in the past 24 hours to hit $29,000. Ethereum posted similar results; The second-largest crypto asset advanced 2 percent.

Bitcoin is regaining its old activity. The Fed has hinted that Wednesday’s rate hike may be the last for this stage.

Other crypto activity

Except for XRP and Tether, all other top crypto tokens traded higher on Thursday. Solana advanced by 2 percent. Dogecoin, Shiba Inu, and Cardano were next to the other top advancers.

The global crypto market cap was trading higher at $1.20 trillion as it rose 2 percent. The total volume of trade advanced by more than 20 percent and became 42.33 billion dollars.

The STX level has broken out of the retracement trend line with a slight uptick in trading volume.

This direction will continue in the coming days. A quick resistance is expected at $0.96, and the next support is expected at $0.56

The post Bitcoin Pushes Above $29K appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.