Crypto Price Today: Bitcoin surges over 2%, breaches $63,500 mark on Fed rate trigger. Avalanche top gainer at 9%
Bitcoin (BTC) was trading higher by over 2% around 1:15 pm at $63,547.72 extending its 7-day gains to 10%. Meanwhile, altcoins like Etherium (ETH), BNB, Solana, XRP, Dogecoin, Tron, Cardano, Shiba Inu and Avalanche surged up to 9%.
The top gainer was Avalanche with 9% uptick and its 7-sessions gains has now gone at 18%.
Some were also on the losing side including Toncoin and Tether which fell marginally by up to 0.13% around this time.
The US Federal Reserve on Wednesday cut policy rate by 50 bps giving a much-needed phillip to global cryptocurrencies.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»The world's largest Central Bank has also hinted at further cuts this year and there is a view that it could be at least to the tune of 50 bps.
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
By — Rohit Srivastava, Founder
Stock Trading
Market
