Bitcoin and other major digital coins were in the green at press time, as the global cryptocurrency market cap increased 2.7% to $1.3 trillion.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
1.8%
-1.9%
$30,563.82
Ethereum (CRYPTO: ETH)
3.2%
-10.95%
$2,100.90
Dogecoin (CRYPTO: DOGE)
2.7%
-16.8%
$0.09
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Convex Finance (CVX)
+12.6%
$12.43
Kusama (KSM)
+11.8%
$82.14
ZCash (ZEC)
+11.2%
$114.04
Why It Matters: There was a considerable improvement in risk appetite on the equities side amid rallying markets on Tuesday, but the cheer on the cryptocurrency side was muted.
The S&P 500 and Nasdaq closed 2% and 2.8% higher, respectively, on Tuesday and at press time, U.S. stock futures rose slightly.
In an interview with the Wall Street Journal, U.S. Federal Reserve Chair Jerome Powell doubled down on fighting inflation and said there could be some pain involved. He said, “Restoring price stability is a non-negotiable need. It is something we have to do”
“We will go …
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