Federal Reserve
The U.S. Federal Reserve on Wednesday increased interest rates by 0.5%, bringing the target range to the highest level in 15 years but slowing down from the previous 0.75% steps. The news prompted #Bitcoin
to drop by 3.5% and #Ethereum
losing 4% by Thursday morning.
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Sep. 22, 2023

Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low
Ether ( ETH ) has reverted to be inflationary amid plunging activity on Ethereum, which could weigh on the token’s price, analysts say. Network fees, a proxy for usage, plunged more than 9% this week to $22.1 million, lowest in nine months, data...
Markets
Sep. 22, 2023

First Mover Americas: Bitcoin Vapid; Toncoin Leads Weekly Gains
This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin traded...
Markets
Sep. 22, 2023

Dogecoin Beats Bitcoin in Price Stability Amid Crypto Trading Lull
Volatility in dogecoin (DOGE), the largest meme cryptocurrency by market value, has dwindled so much that it now looks more stable than the digital asset industry leader, bitcoin (BTC). According to TradingView, DOGE's annualized 30-day realized...
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Sep. 22, 2023

Ethereum's Shanghai Upgrade Has Failed to Boost Network Activity, JPMorgan Says
Ethereum's Shanghai upgrade, implemented in April, does not appear to have increased activity on the world's largest smart contract blockchain as many had hoped for, JPMorgan (JPM) said in a research report Thursday. “While the shift from proof...
Markets
Sep. 22, 2023

Japanese Exchange GMO to Offer XRP Users Yen for Delayed Songbird Airdrop
Japanese crypto exchange GMO will deposit the Yen equivalent of songbird (SGB) tokens to some traders who held XRP in 2020, a post on the exchange shows. Users will receive yen equivalent of 0.1511 SGB for every 1 XRP held as of Dec. 12, 2020....
Markets
Sep. 21, 2023

Bitcoin Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms
BTC slid to $26,500 as interest rates, U.S. dollar surged and equities declined. Fed’s “higher for longer” stance puts pressure on crypto firms, Oanda’s Edward Moya said. Equity sell-off could drag BTC price lower, per QCP Capital. Cryptocur...