Saturday, March 25, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Ethereum

ETH And BTC Follow Stock Market After FED Interest Rate Increase

by ethozedge
May 5, 2022
in Ethereum
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


ETH and BTC Follow stock market in movements after the FED interest rate increase announcement and the crypto market cap gained 6% in one day so let’s read more today in our latest altcoin news today.

Interest rates are going up half a percentage point but the crypto and stock markets are headed up by a bigger chunk. The crypto marekt gained 6% in the past 24 hours with the top coins ETH and BTC follow stock market around the same figure. The biggest gainer in the top 10 was Cardano’s ADA which tailed a 13% increase and Solana, XRP, BNB, and Luna all recorded gains of about 5%. The upward adjustment maps well to returns on stocks within the Dow Jones Industrial Average and Nasdaq which gained 2.8% and 3.2% before the close of trading. The biggest factor that influenced the numbers is the Federal Reserve’s decision to raise interest rates by half a percentage which is the biggest increase since 2000.

btc price
BTC 24-hour Price Chart (Source: Coingecko)

When the FED raised interest rates, it increased the cost for financial institutions to borrow has a domino effect and the idea is to slow down or reverse the level of inflation by making money more expensive to come by so if this is the case, why is the stock market having such a banner day? The quick answer is that most investors thought the itnerest rate hike will be even larger. Alison Boxer was quoted saying:

“The main news from the press conference was that [Fed Chair] Powell pushed back on the 75 basis point hikes that markets had started to price in.”

eth daily
ETH 24-hour Price Chart (Source: coingekco)

The FED is prepared to raise rates further in the upcomign months and Powell indicated that a future 0.75 percentage point rise will likely not be in the cards. BTC was once thought of as a digital alternative to gold while its inflation-resistant store of value but took cues from the stock market. Bitcoin’s price movement is highly correlated with the rest of the crypto market but although crypto is up today, it is less flat over the past week at a market cap of $1.8 trillion. The tech stocks got hammered this year but the overall marekt cap started the year at $2.2 trillion and it is down by a double-digit percentage.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]



Source link

Tags: bitcoin newsBTCcrypto analysiscrypto newsETHEthoz EdgeFEDFollowIncreaseInterestLatest bitcoin newslatest crypto newsMarketRatestock
Share76Tweet47

Related Posts

Des nouvelles de la gouvernance d’Ethereum France

by ethozedge
March 23, 2023
0

De nombreux sujets intéressants ont été discutés ces deux derniers mois au sein de l’association Ethereum France. Parmi eux, la...

Maybe you miss these Breaking News 07/03

by ethozedge
March 23, 2023
0

TL;DR Voyager sold 1,449 $ETH via Wintermute and received 2.25M $USDC $XRP Ledger Developers Unveil Proposal That Could ‘Significantly Expand’...

🦄 uniswap-universal-router-decoder ✨ v0.8.0 ✨ has just been released !!

by ethozedge
March 18, 2023
0

Uniswap Universal Router Codec v0.8.0 is a major upgrade for this open source 🐍 Python 🐍 coder and encoder for...

MIT Bitcoin Club Hackathon and Conference (Open to ALL – Free for Students)

by ethozedge
March 17, 2023
0

Hi, I'm Bleet and I'm helping to run the 10th Annual MIT Bitcoin Expo Hackathon April 21-23! Meet students and...

Guide to the Layer 2 Landscape – A Simple Explanation

by ethozedge
March 17, 2023
0

Layer 2's Layer 2’s are called that because they’re built on top of Ethereum (the Layer 1). They are extensions...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Crypto Trader Maps Path Forward for Aptos and Chainlink, Predicts Altcoins Will Fly Once Bitcoin Cools Off

March 25, 2023

Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin

March 25, 2023

Why We Opened The Belgrade Bitcoin Hub

March 25, 2023

Bitcoin Was a Winner During the U.S. Banking Crisis, but Illiquidity Prevents It From Being a USD Hedge

March 25, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,680.00-0.28%
  • ethereumEthereum(ETH)$1,758.711.04%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.09%
  • binancecoinBNB(BNB)$325.351.78%
  • usd-coinUSD Coin(USDC)$1.010.05%
  • rippleXRP(XRP)$0.46327010.10%
  • cardanoCardano(ADA)$0.359424-0.75%
  • dogecoinDogecoin(DOGE)$0.0752921.75%
  • staked-etherLido Staked Ether(STETH)$1,755.600.98%
  • matic-networkPolygon(MATIC)$1.101.87%
  • binance-usdBinance USD(BUSD)$1.010.47%
  • solanaSolana(SOL)$20.811.37%
  • polkadotPolkadot(DOT)$6.030.18%
  • litecoinLitecoin(LTC)$92.742.44%
  • shiba-inuShiba Inu(SHIB)$0.0000111.74%
  • tronTRON(TRX)$0.0645511.76%
  • avalanche-2Avalanche(AVAX)$16.83-0.06%
  • daiDai(DAI)$1.000.18%
  • uniswapUniswap(UNI)$5.83-1.23%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,765.00-0.20%
  • chainlinkChainlink(LINK)$7.11-1.45%
  • cosmosCosmos Hub(ATOM)$11.270.84%
  • leo-tokenLEO Token(LEO)$3.39-0.31%
  • ToncoinToncoin(TON)$2.111.81%
  • moneroMonero(XMR)$164.825.16%
  • ethereum-classicEthereum Classic(ETC)$20.372.06%
  • okbOKB(OKB)$42.26-1.57%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0922334.63%
  • bitcoin-cashBitcoin Cash(BCH)$126.462.28%
  • filecoinFilecoin(FIL)$5.550.54%
  • AptosAptos(APT)$11.92-2.99%
  • true-usdTrueUSD(TUSD)$1.010.18%
  • hedera-hashgraphHedera(HBAR)$0.0608711.69%
  • quant-networkQuant(QNT)$123.441.55%
  • lido-daoLido DAO(LDO)$2.08-1.89%
  • crypto-com-chainCronos(CRO)$0.0689301.10%
  • nearNEAR Protocol(NEAR)$1.95-0.14%
  • vechainVeChain(VET)$0.0230501.60%
  • ArbitrumArbitrum(ARB)$1.25-1.40%
  • apecoinApeCoin(APE)$4.174.26%
  • algorandAlgorand(ALGO)$0.2111260.56%
  • internet-computerInternet Computer(ICP)$4.991.70%
  • blockstackStacks(STX)$0.96-5.79%
  • eosEOS(EOS)$1.15-1.88%
  • fantomFantom(FTM)$0.451341-0.12%
  • the-graphThe Graph(GRT)$0.1410790.27%
  • the-sandboxThe Sandbox(SAND)$0.630.92%
  • decentralandDecentraland(MANA)$0.591.59%
  • elrond-erd-2MultiversX(EGLD)$42.550.83%
  • fraxFrax(FRAX)$1.00-0.10%
  • tezosTezos(XTZ)$1.130.19%
  • aaveAave(AAVE)$72.29-1.01%
  • theta-tokenTheta Network(THETA)$1.021.32%
  • flowFlow(FLOW)$0.97-0.40%
  • immutable-xImmutableX(IMX)$1.06-5.46%
  • axie-infinityAxie Infinity(AXS)$8.411.71%
  • neoNEO(NEO)$12.13-1.87%
  • kucoin-sharesKuCoin(KCS)$8.77-0.47%
  • havvenSynthetix Network(SNX)$2.49-1.07%
  • paxos-standardPax Dollar(USDP)$1.010.32%
  • rocket-poolRocket Pool(RPL)$38.620.46%
  • BitDAOBitDAO(BIT)$0.520.32%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.113.22%
  • gatechain-tokenGate(GT)$5.17-1.45%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001231.11%
  • usddUSDD(USDD)$1.000.00%
  • curve-dao-tokenCurve DAO(CRV)$0.932.46%
  • mina-protocolMina Protocol(MINA)$0.82-0.11%
  • bitcoin-cash-svBitcoin SV(BSV)$36.881.15%
  • optimismOptimism(OP)$2.240.83%
  • klay-tokenKlaytn(KLAY)$0.2282000.54%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.731.68%
  • conflux-tokenConflux(CFX)$0.320352-2.27%
  • dashDash(DASH)$59.71-1.46%
  • chilizChiliz(CHZ)$0.1207051.77%
  • sapphireSapphire(SAPP)$0.7035.32%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$670.451.34%
  • gmxGMX(GMX)$69.90-0.13%
  • ecasheCash(XEC)$0.0000311.48%
  • huobi-tokenHuobi(HT)$3.670.79%
  • bittorrentBitTorrent(BTT)$0.0000011.26%
  • iotaIOTA(MIOTA)$0.2090350.81%
  • Bitget TokenBitget Token(BGB)$0.3976700.97%
  • frax-shareFrax Share(FXS)$7.810.48%
  • xdce-crowd-saleXDC Network(XDC)$0.0398754.43%
  • singularitynetSingularityNET(AGIX)$0.450766-5.89%
  • compound-ethercETH(CETH)$35.44-0.65%
  • EdgecoinEdgecoin(EDGT)$1.010.30%
  • pax-goldPAX Gold(PAXG)$2,004.640.18%
  • trust-wallet-tokenTrust Wallet(TWT)$1.213.37%
  • Tokenize XchangeTokenize Xchange(TKX)$6.21-1.39%
  • tether-goldTether Gold(XAUT)$1,992.320.28%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • zilliqaZilliqa(ZIL)$0.0273550.99%
  • compound-usd-coincUSDC(CUSDC)$0.022907-0.02%
  • osmosisOsmosis(OSMO)$0.800.38%
  • FlareFlare(FLR)$0.0358239.43%
  • loopringLoopring(LRC)$0.3483602.88%
  • radixRadix(XRD)$0.041932-0.67%
  • 1inch1inch(1INCH)$0.511.02%
  • render-tokenRender(RNDR)$1.17-3.19%
  • thorchainTHORChain(RUNE)$1.401.28%
  • mask-networkMask Network(MASK)$5.51-5.15%
  • nexoNEXO(NEXO)$0.754.46%
  • arweaveArweave(AR)$8.152.06%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,881.390.71%
  • kavaKava(KAVA)$0.872.19%
  • oec-tokenOKC Token(OKT)$22.27-0.86%
  • gemini-dollarGemini Dollar(GUSD)$1.000.25%
  • enjincoinEnjin Coin(ENJ)$0.3909311.88%
  • convex-financeConvex Finance(CVX)$5.141.63%
  • cdaicDAI(CDAI)$0.0222450.01%
  • fetch-aiFetch.ai(FET)$0.3719392.40%
  • btse-tokenBTSE Token(BTSE)$2.370.00%
  • casper-networkCasper Network(CSPR)$0.0354291.71%
  • zcashZcash(ZEC)$35.820.78%
  • DeFiChainDeFiChain(DFI)$0.55-0.75%
  • EthereumPoWEthereumPoW(ETHW)$3.410.94%
  • dydxdYdX(DYDX)$2.35-2.54%
  • DogechainDogechain(DC)$0.001787-24.98%
  • basic-attention-tokenBasic Attention(BAT)$0.239596-0.41%
  • FLOKIFLOKI(FLOKI)$0.0000362.69%
  • nemNEM(XEM)$0.0391830.36%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.31-0.08%
  • WEMIXWEMIX(WEMIX)$1.38-0.60%
  • Nexus MutualNexus Mutual(NXM)$49.56-0.53%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.0000000.96%
  • BeldexBeldex(BDX)$0.06348713.69%
  • qtumQtum(QTUM)$3.13-1.51%
  • woo-networkWOO Network(WOO)$0.194777-0.33%
  • Aleph ZeroAleph Zero(AZERO)$1.470.15%
  • theta-fuelTheta Fuel(TFUEL)$0.052822-0.13%
  • decredDecred(DCR)$21.601.77%
  • holotokenHolo(HOT)$0.001791-0.52%
  • injective-protocolInjective(INJ)$3.96-3.33%
  • terra-luna-2Terra(LUNA)$1.300.50%
  • ravencoinRavencoin(RVN)$0.0259641.08%
  • MagicMagic(MAGIC)$1.45-3.04%
  • kusamaKusama(KSM)$33.250.54%
  • galaGALA(GALA)$0.039345-0.46%
  • celoCelo(CELO)$0.600.11%
  • KaspaKaspa(KAS)$0.016924-1.53%
  • compound-governance-tokenCompound(COMP)$42.751.57%
  • bitcoin-goldBitcoin Gold(BTG)$16.54-0.38%
  • oasis-networkOasis Network(ROSE)$0.0569590.02%
  • olympusOlympus(OHM)$10.26-0.35%
  • Gains FarmGains Farm(GFARM2)$7,940.81-0.05%
  • gnosisGnosis(GNO)$108.200.94%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000001.53%
  • yearn-financeyearn.finance(YFI)$8,355.930.08%
  • balancerBalancer(BAL)$6.763.40%
  • linkLINK(LN)$40.27-1.76%
  • Access ProtocolAccess Protocol(ACS)$0.009161-1.26%
  • AstarAstar(ASTR)$0.0618641.94%
  • ankrAnkr Network(ANKR)$0.033067-1.63%
  • liquity-usdLiquity USD(LUSD)$1.020.04%
  • audiusAudius(AUDIO)$0.2700331.12%
  • chiaChia(XCH)$38.333.58%
  • omisegoOMG Network(OMG)$1.87-6.22%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.135.36%
  • harmonyHarmony(ONE)$0.0207852.14%
  • nucypherNuCypher(NU)$0.195933-1.54%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • huobi-btcHuobi BTC(HBTC)$27,659.00-0.41%
  • SSV NetworkSSV Network(SSV)$34.552.09%
  • stepnSTEPN(GMT)$0.3847270.54%
  • AstraferAstrafer(ASTRAFER)$1.550.83%
  • golemGolem(GLM)$0.2404000.46%
  • convex-crvConvex CRV(CVXCRV)$0.812.05%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • justJUST(JST)$0.0260600.94%
  • iotexIoTeX(IOTX)$0.024501-5.10%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • DAO MakerDAO Maker(DAO)$1.540.88%
  • escoin-tokenEscoin(ELG)$2.840.70%
  • moonbeamMoonbeam(GLMR)$0.3757560.08%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • tether-eurtEuro Tether(EURT)$1.080.40%
  • band-protocolBand Protocol(BAND)$1.798.03%
  • jasmycoinJasmyCoin(JASMY)$0.004649-0.48%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • BlurBlur(BLUR)$0.520.42%
  • Frax EtherFrax Ether(FRXETH)$1,757.690.77%
  • ecomiECOMI(OMI)$0.000808-0.97%
  • Gains NetworkGains Network(GNS)$7.15-2.00%
  • amp-tokenAmp(AMP)$0.0038801.21%
  • wavesWaves(WAVES)$2.151.04%
  • kadenaKadena(KDA)$0.95-2.78%
  • siacoinSiacoin(SC)$0.004031-0.59%
  • iconICON(ICX)$0.2177890.74%
  • BitgertBitgert(BRISE)$0.00000110.09%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • terrausdTerraClassicUSD(USTC)$0.0208342.34%