At one point bitcoin was trading at about $39,00, slightly up over the previous 24 hours. Ether was selling at just over $2,550, off slightly over the same period. Other major cryptos in the CoinDesk top 20 by market capitalization also fell, although Terra’s luna and and Axie Infinity (AXS) were among the exceptions. Trading was light as investors seemed inclined to wait out events later in the week, including a decision by the U.S. central bank’s Federal Open Market Committee (FOMC) on the first of what many observers believe will be several interest rate hikes this year to quash raging inflation.
Related posts
-
Whales didn’t sell Bitcoin at $62k, on-chain data shows
Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows... -
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
According to recent data, the five busiest days for bitcoin transfers on the network occurred in... -
Bitcoin Price Lags Beneath $63,000 — What Does This Mean?
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the...