Crypto News Today – Bitcoin, Ether Fall Along With Rest of Crypto Top 10
Crypto News Today – Bitcoin, Ether Fall Along With Rest of Crypto Top 10
Intro: (0:00)
Bitcoin News: (1:11)
Bitcoin, Ether Fall Along With Rest of Crypto Top 10 : (2:15)
Crypto News: (3:12)
Bitcoin Price: (4:41)
Ethereum News: (5:15)
Outro: (06:35)
Fast facts
Bitcoin dropped 1.1% in the past 24 hours to trade at US$19,128 as of 8 a.m. in Hong Kong, while Ether fell 2%% to US$1,285, according to data from CoinMarketCap.
Solana saw the biggest losses in CoinMarketCap’s top 10, falling 4.3% to US$28.86, while Cardano was close behind, dropping 3.5% to US$0.34.
Uniswap was the only token in the top 30 to post any gains, rising 0.5% to US$6.58. This follows Uniswap’s chief operating officer, Mary-Catherine Lader making bullish comments on the future of decentralized exchanges in an article in the business magazine Fortune this week and a funding round last week that put a higher valuation on Uniswap Labs.
U.S. equities fell Wednesday to break a two-day run of gains as bond yields surged to the highest since 2008. The Dow Jones Industrial Average dipped 0.3% and the S&P 500 Index fell 0.7%. The Nasdaq Composite Index lost 0.9%.
U.S. equities had gained earlier in the week as earnings season showed many companies are in better shape than expected. Of 62 companies from the S&P 500 reporting earnings as of Wednesday, 74% beat profit expectations, according to data aggregator Refinitiv.
The U.S. Federal Reserve could potentially pause its interest-rate hikes next year if there is clear evidence core inflation is slowing, Minneapolis Fed President Neel Kashkari said on Wednesday. The Fed has raised interest rates from near zero last March to a range of 3% and 3.25%. It has committed to bringing inflation down to a target range of 2%.
