Digital Assets On average, it was slightly higher February 1: Markets ready for the release of the upcoming Federal Open Market Committee (FOMC) decision. Many Expect the US Federal Reserve To raise interest rates by 25 basis points, increasing current rates to 4.75% Bitcoin Was in the green on Wednesday As prices rose above $23,000
Bitcoin
Bitcoin (BTC) achieved a fresh all-time high of $23,000 during the session, as traders now turn their attention to the FOMC decision today.
After Recording a low of $22,874.43 TuesdayBTC/USD was trading at $23,225.02 above the intraday average earlier today.
Today’s Movement saw the world’s largest cryptocurrency briefly break above the interim ceiling of $23,200.
HoweverThe current volatility is high as a result. Fed Assembling costs have fallen back below this level, and at the moment they are selling for $23,045.02.
This We arrived because the 14 day RSI was close to a backside at 68.00.
At At the time of writing, the index was at 69.83. It will remain around this mark until the end. Fed The decision is complete.
Ethereum
Ethereum On a marginally smaller basis, (ETH) increased marginally WednesdayThe cost of these services is in the vicinity of $1,600.
After a drop to $1569.04 the previous day, ETH/USD saw a sudden rise to $1598.52 earlier in the morning.
As With bitcoin, ETH bulls were unable to push prices above resistance. Earlier momentum was fading at the time of writing.
