Crypto Präis haut 11. Oktober: Bitcoin, Ethereum tumble weider

Crypto Price Today October 11 Latest Updates: The crypto market continues to struggle as the macroeconomic conditions remain hawkish. The Fed continues to take a restrictive monetary policy to curb inflation levels. As a result, the crypto market is crashing hard.

Bitcoin fell by 1.16% in the last 24 hours and by 0.25% in the last hour. It is currently trading at $19,068 and is in danger of falling below the $19K mark. Ethereum fell another 1.8% in the last 24 hours before rallying by 0.25% in the last hour. However, Ethereum is still trading well below the $1.3K mark at $1284.

The altcoins market continues to remain bearish despite a small rally in the last hour. XRP fell by 4.28% in the last 24 hours after a few days of a strong rally. It is currently trading at $0.4975. However, it has surged close to 1% in the last hour and may soon breach the $0.5 mark.

Cardano continues its slide by falling another 4% in the last 24 hours. Despite a rally of 0.5% in the last, it is still trading at $0.3991. Solana followed the pattern and fell by 3% in the past day. It is trading at $31.54.

Polygon is one of the biggest losers of the crypto market. It slid close to 5% in the last 24 hours and is priced at $0.7975.

Firwat ass Crypto Präis haut erof

The crypto market continues to remain at the behest of the Bundesreserven. Meanwhile, the Fed is showing no intention of pivoting to a less restrictive stance. Loretta Mester, the President of the Cleveland Fed, stated that interest rates need to climb further to tackle inflation.

Despite growing recessionary fear, Mester believes that the biggest policy risk remains an early pivot by the Fed. It is a theme that has been reaffirmed by several key Fed officials. Neel Kashkari, the president of the Minnesota Fed, stated that the Fed is still in the early stages of its fight against inflation.

Schlëssel Eventer Fir ze kucken

d' Konsument Präis Index and Producer Price Index data to be revealed next week remain the most important events this week.

Nidhish ass en Technologie-Enthusiast, deem säin Zil ass elegant technesch Léisungen ze fannen fir e puer vun de gréisste Gesellschaftsprobleemer ze léisen. Hien ass e feste Glawe vun der Dezentraliséierung a wëll un der Mainstream Adoptioun vu Blockchain schaffen. Hien ass och grouss an bal all populär Sportarten a gär iwwer eng grouss Varietéit vun Themen ze schwätzen.

Dee presentéierten Inhalt kann d'perséinlech Meenung vum Autor enthalen an ass ënner Zoustand vum Maart. Maacht Är Maartfuerschung ier Dir a Kryptowärungen investéiert. Den Autor oder d'Publikatioun huet keng Verantwortung fir Äre perséinleche finanzielle Verloscht.