Crypto Price Today Live: Bitcoin hits $23,000; Ethereum, Polygon, Polkadot zoom up to 17%
Powell's comments over 'no recession' also supported the sentiments. Top crypto tokens were trading sharply higher on Thursday. Ethereum and Polkadot and Polygon rallied over 13 per cent each, while Polygon and Avalanche jumped 10 per cent each.
Bitcoin and Cardano were up by 9 per cent each. The global cryptocurrency market cap was trading sharply higher at the $1.06 trillion mark, rising more than 8 per cent in the last 24 hours. However, the total trading volume jumped more than 49 per cent, close to $92.43 billion.Expert TakeBitcoin and the rest of cryptos' tight correlation with stocks continued as risk-assets such as tech stocks and crypto surged in response to the US central bank’s announcement, said CoinDCX Research Team.
«Fed Chairman Jerome Powell clearly mentioned that the US is not under recession as job growth and wage measures are strong and not consistent with a recession. This has led to positive sentiments in the market,» it added.Global updatesCryptocurrency exchange Kraken is under federal investigation for potential violation of US sanctions by allowing users in Iran and elsewhere to buy and sell digital tokens, the New York Times reported, citing five people familiar to the matter. More than $14.5 billion in crypto has been lost to hacks and scams since 2011, and DeFi (decentralized finance) is attackers’ new favorite target, says analytics firm Crystal Blockchain.
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